Nifty - Intraday 10-08-2021

NSE:NIFTY   Nifty 50 Index
🔰Educational Purpose
Date 10-09-2021
In daily candle nifty again creats Doji, Indecisiveness in candle shows market needs clear Breakout for further up or Down move
consolidation lower range shifted down from 16220 to 16180
Now we have 16180 to 16330 range.

🔰 Intraday View:-

Flat Opening(near closing)
If opens flat i sujjest dont buy any Call or Put, Due to RR is not in Favour.
At upper end near 16310-16320 you can take PE with 40 Points strict SL.
At lower level near 16180-16200 buy CE with 30-35 points Strict SL.
(Note - only buy when you clear reversal signals)

Gap up - above 16300
Buy on dip would be suggested 16260 or if any good closing above 16325-16330 is buying opprtunity.

Gap down-
If nifty opens below 16220 level, then wait for atleast 5min candle closing below 16180 then n then only sit in Downside direction.
Tgt 16130 16080

-Put strict SL loss
-Positional view is Upside till we are sustaing above 15950-16000 level.


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