NIFTY Risk/Reward Intraday Play for 18 Dec,19
Updated
UZone and Lzone are so close, its going to be difficult to trade if tomorrow's a low momentum day.
Newbie 101: For those who can relentlessly track a chart throughout the day. Shift to 5 mins, and put a 50 period EMA. Do some analysis around it, maybe add something of your own to it (athough, if I personally want to take just one trade per day, that EMA alone is more than enough for me).
6 out of 10 days you will get opportunities. That's where and how you start.
Newbie 101: For those who can relentlessly track a chart throughout the day. Shift to 5 mins, and put a 50 period EMA. Do some analysis around it, maybe add something of your own to it (athough, if I personally want to take just one trade per day, that EMA alone is more than enough for me).
6 out of 10 days you will get opportunities. That's where and how you start.
Trade closed: target reached
I was more interested in NIFTYBANK but nevertheless, NIFTY gave a good steady move from Uzone to Extreme Upper zone. Something you dont usually expect when the markets are at the tops.
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