manojshinde27

29 july End of Day Study and Technical Analysis of Nifty50

Long
NSE:NIFTY   Nifty 50 Index
Monday Possible Trades in Nifty50

Up Side First Possible Trade Nifty
Tread Entry -
If Nfty Open above support & Sustain Above Support Zone - (17096 -17117) then you can Buy 17100 ATM CALL OPTION
Tread Target -
Nifty up side First Target is 17275
Stoploss -
If Nifty50 index Any 30 min candle Close Below Support 17096 then Exit from Trade or max . 20/25 Points Stoploss

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First Down Side Possible Trade –Trading Idea If Nifty Open Gap up Tomorrow

Tread Entry -
If nifty open gap up but below Resistance Zone (17275 -17260) then you can Buy 17300 ATM PUT OPTION
Tread Target -
Nifty Down Side First Taret is - 17150
Nifty Down Side Second Target is - 17096 ( If Closes below 17096 in any One Hour Candle then Next Target 17020 is Possible )
Stoploss -
If Nifty50 index Any 30 min candle Close Above Resistance 17275 then Exit from Trade or max . 20/25 Points Stoploss .



Second Down Side Possible Trade –Trading Idea If Nifty Open Gap up Tomorrow

Tread Entry -
If nifty open gap Down below Support Zone (17117 -17096) then you can Buy 17300 ATM PUT OPTION
Tread Target -
Nifty Down Side First Taret is - 16950
Stoploss -
If Nifty50 index Any 30 min candle Close Above Resistance 17117 then Exit from Trade or max . 20/25 Points Stoploss .

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