hsnifty

Nifty Monday Oct 10 Trade set up

Short
NSE:NIFTY   Nifty 50 Index
If gap up on Monday( less than 60 points only) wait for candle to come below 19665 take a put with SL 19697. Target 120 point from day high or 19546 which ever comes first
If flat open crosses below 19624 take a put with sl 19655 target 19515
If gap down don't trade wait until it comes near or below 19562 and when it crosses above 19562 take call target 19640
Key to success :
Always mark SL before you take trade
It is true that you can not profit in one day it take many trades.
When your SL is hit it's not loss you gave SL to market then market will give you trade
Never exit before target risk reward will disturb and set up is based on your own mind set so stick to it ( if it works 5 times out of 10 also you will be 10x profitable for sure)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.