Sacredmonkey

Nifty Trading Plan - 15th July

NSE:NIFTY   Nifty 50 Index
Summary

► HTF is again is crucial demand zone . DTF has a "Bullish Doji" candle, which infers "Positive" bias" but, we may see loss of momentum hence, sellers/buyers will fight it out.
Pivot analysis infers Trading Range DAY bias.
► Support levels 15793/15735
► Resistance levels 15895/15850
► We are in sellers zone, expect it to be closely fought area. Unless, market opens gap up and takes support and PDH .
► Keep your positions size under control. Since, we may see whipsaws and if you lose on trading range days, u end up lose big profits made on TRENDING days.

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Step 1 - Strategies to be deployed -

l Open drive .
l PPT .
l CPRRVL

Step 2 - Trading Plan

1. Any bullish PA above 15835 is stop of 15815 and target of 15872.
2. Any bullish PA above 15792 is stop of 15773 and target of 15830.
3. Aggressive long above 15903 is stop of 15882 and target of 15944.
4. Any bearish PA below 15816 is stop of 15835 and target of 15788.
5. Aggressive short below 15774 is short with stop of 15792 and target of 15750.


This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.

Bonne chance!!
@Sacredmonkey
Trade active: Plan 3 in progress
Comment: For risk averse u can book at 15932, Other can move their SL to cost and wait
Trade closed: target reached: Plan 3 done. Hope you guys made money.

Comments

great work
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Sacredmonkey Ajitgungun73
@Ajitgungun73, Thank you!!!!
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