Nifty not Ready for a correction now? Lets analyse for 28th Aug

Another profitable day added to the profiting schedule in the side wise market.
There could be a possible gap up in Nifty tomorrow, If it opens above 11150 then it can reach 11180 then, it will have the depth to reach 11230.
So there could be a Bull Run.
If it closes below 11090 in 15min candle then you can expect it to come 11020, So we will only capture 50 point and trail if shorting opportunity comes.
For Bullish Opportunity we can capture 100 points.

So what should be the strategy for Intraday 28th Aug ?

Buy Nifty @11150 if a higher high higher low is seen in 5 min time frame.
If continuous higher high higher low in 5 min time frame keeps on giving then hold till 11230.

Sell Nifty
if give a close below 11090 in 15 min candle.
Short in the next candle and target 11020.
Make sure you always enter the trade on a entrancement once close is given higher or lower.
Cheers!!

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Stay back, don't trade now, In this kind of situations SL will hit,
No clear movement. If it closes below 11090 then the BAT pattern of yesterdays post will be activated.

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sell nifty

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in the next calndle as per our rule

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retracement

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Book profit

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Nifty showing the movement for the Bearish Bat pattern, which was posted yesterday.

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But it is holding itself @11050

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sell Nifty Target 11020

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entry 11070

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make sure you are entering @ spot price @11070

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Book profit

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Entered @11065
Exited @11030
Total 35 points
Cheers!!!

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With the momentum, we trade very less risk, 15K done for the day

Trade closed: target reached:

Target done

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The Previous day analysis was triggered, the same also in this post mentioned in the description in short side view.

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