Nifty may be in bouncy mood bcos of , thanks to all the news event noises. Just 2 scenario's
(i) Enter Long on Confirmation, if trendline is breached to Upside - Gap will be filled till 8600's
(ii) Enter Short in Nifty if the trendline holds valid - 8400's expected in this case
Both scenario's valid only if Nifty stays good, I mean if there is no false breakout. If false breakout happens, Nifty will give us someother trade setup, lets wait n catch that. Patience pays, those who follow Me knows that very well, I rarely change the direction or trade-setup I post. So Discipline is primary importance, don't change your views on Nifty for every single candle - it means you are speculating or gambling Not Trading !
Witnessed few "hand of God"(maradona) behaviour recently - So Funny, Grow Up Please. I don't want to dive deep into explaining that.
Some are asking long term view on Nifty . Friends, its complex now with Modi doing surgical strikes to clean up economy & Trump win ( his foreign policies) - I'm not fan of news events but I expect 7000's (over months) if Trump acts weird & India's goes up.
By the way as assured, B Plan intraday stock trade-setups will be shared & I'm open to discuss any stock for Intra or Swing rightdown in comments , Not in PM's :)