Sacredmonkey

Nifty Trading Plan - 08th July

Long
NSE:NIFTY   Nifty 50 Index
Summary

l HTF is again is supply zone . DTF has a "WRC" candle, which infers "Positive" BIAS".
l Pivot analysis infers TRADING RANGE DAY bias and due to overlapping wide range CPR .
l 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
l Support levels 15793/15735
l Resistance levels 15916/15879.
l Market is moving in a very tight range and volatility is getting contracted every day, which infers there is huge move coming.
l As long as price is above MPP, scalp for short positions. I am majority bullish from 2 weeks. Any selling is a short term move and should be used as an opportunity to scalp only. Start accumulating to go LONG from support zones.

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Step 1 - Strategies to be deployed -

l Open drive rejection.
l PPT .
l Evening star .
l RCR
l CPRRVL

Step 2 - Trading Plan

1. Any bullish PA above 15850 is quick scalp with stop of 15831 and target of 15882 .
2. Any bullish PA above 15895 is long with stop of 15875 target of 15926.
3. Any bearish PA below 15920 is short with stop of 15941 and target of 15889.
4. Any bearish PA below 15837 is short with stop of 15856 and target of 15808.


This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.

Have a nice day!!
@Sacredmonkey
Comment: Plan 4 in progress
Trade closed manually: exit position at cost. Market will be in trading range. So, better to avoid.
Comment: Unfortunately plan 4 hit. But, we exited at cost.

Comments

please give everything before market opens
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Sacredmonkey shivakumarvee
@shivakumarvee, Hi Shivakumar, I post my trading plan by 11PM i.e.12 hours before the market opens.
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