Nifty 50 IndexLong
INTRADAY buying opportunity in NIFTY
Updated
I have attached my actual idea link here
Going by that setup we can plan for intraday buying opportunity
Entry:17040
SL :16970
Its a little bit big SL per lot If i have to say roughly 35 rs per lot for ATM call option.
Lets see If we can secure this trade.
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
Going by that setup we can plan for intraday buying opportunity
Entry:17040
SL :16970
Its a little bit big SL per lot If i have to say roughly 35 rs per lot for ATM call option.
Lets see If we can secure this trade.
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
Note
Only concern is we will be crossing day low in first 45 mins after creating a high first.Note
Price is in the entry zone lets see what will happenNote
So many stop losses will be there below 16980.Trade closed: stop reached
Note
Plan for short before that wait for retacementNote
No!! I'm still in dilemma that there are more bears on the bus now if nifty can manage to go above 17175 there will be a quick up move.now the question is who's is going to be trapped today?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.