Sacredmonkey

Nifty Trading plan - 28th july

NSE:NIFTY   Nifty 50 Index

Summary

DTF is in area with "MARUBUZZO", which infers "sellers dominant" bias".
Pivot analysis infers TRADING RANGE bias.
CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15696/15656
► Resistance levels 15793/15778.

Don't rush into taking trades. since, its trading range day. wait for extra confirmation.
Most of traders make money on TRENDING DAY and lose on TRADING RANGE DAY. Don't be that guy!
TRADING PLAN ACCURACY DATA SHEET - https://docs.google.com/spreadsheets/d/1...


**********************************************************************************

Trading Plan

1. Any bullish PA above 15796 is stop of 15774 and target of 15818. (Scalp)
2. Any bullish PA above 15716 is stop of 15695 and target of 15745.
3. Any bearish PA below 15815 is stop of 15829 and target of 15792. (Scalp)
4. Any bearish PA below 15688 is stop of 15662 and target of 15707.

Two rules that I follow religiously while trading

► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move u SL to cost and book 50% if you are conservative trader.


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

Bonne chance!!
@Sacredmonkey.
Comment: Please read plan 4 as below
Any bearish PA below 15688 is stop of 15707 and target of 15662.
Trade closed: target reached: Plan 4 done
Trade active: Entry 15589
SL 15616
Target 15538

FOllow my trading rules mentioned above
Trade closed: stop reached: SL hit. Exit
Trade active: Plan 4 active again
Trade closed: target reached: Plan 4 done again

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.