Nifty 50
Date 08.09.2024
Nifty 50 Index
Timeframe : Day chart
Set-up for Monday (09.09.2024)
Remarks : Points & Strategy
For longs :
Opening, if opening is happening below the low of previous days long range selling candle then don't jump on buying for 1st 30 minutes. If opening is happening within the candle of previous day's red candle the after 1st 15 mins keep previous days low + 20 ema on day chart level as stoploss. If opening is happening above 50% of previous days selling candle and sustained for 1st 15 min then strong buy.
For shorts :
Favorable is overall global set-up is weak. If opens below the low of previous day's long range selling candle then keep 20 ema as stoploss & keep trailing the trade. If bounce in the opening & reaches to 50% of previous days long red candle the perfect for scalping, can definitely short there as intraday trade.
A combination of rsi 33-30 + 23.6 % area which is 24498 is stopover area or temporary bounce may come
Regards,
Ankur
Nifty 50 Index
Timeframe : Day chart
Set-up for Monday (09.09.2024)
Remarks : Points & Strategy
For longs :
Opening, if opening is happening below the low of previous days long range selling candle then don't jump on buying for 1st 30 minutes. If opening is happening within the candle of previous day's red candle the after 1st 15 mins keep previous days low + 20 ema on day chart level as stoploss. If opening is happening above 50% of previous days selling candle and sustained for 1st 15 min then strong buy.
For shorts :
Favorable is overall global set-up is weak. If opens below the low of previous day's long range selling candle then keep 20 ema as stoploss & keep trailing the trade. If bounce in the opening & reaches to 50% of previous days long red candle the perfect for scalping, can definitely short there as intraday trade.
A combination of rsi 33-30 + 23.6 % area which is 24498 is stopover area or temporary bounce may come
Regards,
Ankur
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