Last opportunity for Nifty reversal
Updated
Nifty is in the Golden Fib zone.
If any expiry day reversal this will be good time
Conditions :
Nifty should form a low here in and around golden zone
It should give closing above 16945.
After that If it give a pull back then we can enter with day low as SL
No trade if the conditions not met.
If all conditions are met
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
If any expiry day reversal this will be good time
Conditions :
Nifty should form a low here in and around golden zone
It should give closing above 16945.
After that If it give a pull back then we can enter with day low as SL
No trade if the conditions not met.
If all conditions are met
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
Note
closing above 16915 will do nowNote
16900 CE CMP 10 rsHero zero trade with small risk.
Expecting a dead cat to bounce now.
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