Nifty Trading plan - 27th July
Updated
Summary
► DTF is in area with "Bearish Doji", which infers "sellers being dominant" bias".
► Pivot analysis infers sideways/breakout bias. But, ADR is pretty high hence, big whipsaws are possible, but one sided moves are of low probability.
► CPR is in "UNCHANGED VALUE" relationship, which suggests breakout or sideways tomorrow.
► Support levels 15735/15700
► Resistance levels 15895/15941.
► FII sold 2376 crores, second highest in this month. So, below point is kind of getting true.
► I am repeating what I said on 14th July. " Market in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology, which means all big folks are selling their shares to retail folks hence, expect correction".
► I may think of creating a strategy to go short on positional in INDEX with proper hedge. This is just a plan and not in motion yet.
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Trading Plan
1. Any bullish PA above 15908 is stop of 15887 and target of 15941. (Scalp)
2. Any bullish PA above 15946 is stop of 15923 and target of 15991.
3. Any bearish PA below 15825 is stop of 15847 and target of 15799. (Scalp)
4. Aggressive short below 15807 is short with stop of 15822 and target of 15756.
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move u SL to cost and book 50% if you are conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
@Sacredmonkey.
► DTF is in area with "Bearish Doji", which infers "sellers being dominant" bias".
► Pivot analysis infers sideways/breakout bias. But, ADR is pretty high hence, big whipsaws are possible, but one sided moves are of low probability.
► CPR is in "UNCHANGED VALUE" relationship, which suggests breakout or sideways tomorrow.
► Support levels 15735/15700
► Resistance levels 15895/15941.
► FII sold 2376 crores, second highest in this month. So, below point is kind of getting true.
► I am repeating what I said on 14th July. " Market in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology, which means all big folks are selling their shares to retail folks hence, expect correction".
► I may think of creating a strategy to go short on positional in INDEX with proper hedge. This is just a plan and not in motion yet.
**********************************************************************************
Trading Plan
1. Any bullish PA above 15908 is stop of 15887 and target of 15941. (Scalp)
2. Any bullish PA above 15946 is stop of 15923 and target of 15991.
3. Any bearish PA below 15825 is stop of 15847 and target of 15799. (Scalp)
4. Aggressive short below 15807 is short with stop of 15822 and target of 15756.
Two rules that I follow religiously while trading
► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move u SL to cost and book 50% if you are conservative trader.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Bonne chance!!
@Sacredmonkey.
Note
Any bearish PA below 15873 is stop of 15886 and target of 15851Trade closed: target reached
Plan 5 target reachedTrade active
Plan 3 in progressTrade closed: target reached
Plan 3 target reachedTrade active
Plan 4 in progressNote
Please move Sl to cost and book all at 15777. Since, we reached 1:2 ratio.Anything above that is for aggressive traders
Trade closed: target reached
Plan 4 target reached. Now close ur laptop and go sleep or chill :)
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