march set up !
1. blue line is the long term TL which nifty broke so it should act as a maj support !
2. trading above 34 EMA ,50 ema .
3.trading at the bottom of the small channel(green)
4. 8000 PE has given a breakout on 30 min chart and the next resistance should be 98 & 116 ..
5. 9000 CE next support is at 90 levels..
how to trade this mar
1. if blue TL broken tmorw then short nifty for first target 8873 & 8799 ..one can also buy 8800 PE for targets of 98,116,163 then .
2. if blue TL not broken then buy nifty for 9114 . one can also buy 9000 CE but buying advised only at 131+ levels for targets of 180 +...
disclaimer : this is for self and not any recomendation !
1. blue line is the long term TL which nifty broke so it should act as a maj support !
2. trading above 34 EMA ,50 ema .
3.trading at the bottom of the small channel(green)
4. 8000 PE has given a breakout on 30 min chart and the next resistance should be 98 & 116 ..
5. 9000 CE next support is at 90 levels..
how to trade this mar
1. if blue TL broken tmorw then short nifty for first target 8873 & 8799 ..one can also buy 8800 PE for targets of 98,116,163 then .
2. if blue TL not broken then buy nifty for 9114 . one can also buy 9000 CE but buying advised only at 131+ levels for targets of 180 +...
disclaimer : this is for self and not any recomendation !
Comment:
be careful tomorrow ! both CE n PE charts are the resistance & support zone....