Nifty 50 Trade Analysis 22-12-2020
1) Break Out / Break Down Strategy
If Nifty 50 Breaks Above the Magical Number 13333 And if it can Sustain the value. We may see Upward Trend Coming Days. On the other and If Nifty 50 Breaks down 13131 Magical Number. We may see further declines. 13131 To 13333 is no trading Zone for Breakout traders. Keep Stop loss minimal. Risk Reward Ratio of 1 : 3 For Intraday trade. (If 30 Points below is your stoploss, aim for 90 Points Above Pivot Point or Pivot to Pivot target.)
2) Ambush Entry / Price Bounce Stratergy.
There is also opportunity to take Price Bounce trade from the magical number 13131 to 13333 or 13222 to 13333 Or Vise Versa, Please follow strict stop losses as per your appetite. Take Entry above or below Pivot points. Dont wait for big candle confirmations. As you could have already exhausted the momentum.
Discaimer : All Views are Personal And Educational Purpose Only. You are exclusively responsible for your Profits and Losses. Use them with your own Risk.
If Nifty 50 Breaks Above the Magical Number 13333 And if it can Sustain the value. We may see Upward Trend Coming Days. On the other and If Nifty 50 Breaks down 13131 Magical Number. We may see further declines. 13131 To 13333 is no trading Zone for Breakout traders. Keep Stop loss minimal. Risk Reward Ratio of 1 : 3 For Intraday trade. (If 30 Points below is your stoploss, aim for 90 Points Above Pivot Point or Pivot to Pivot target.)
2) Ambush Entry / Price Bounce Stratergy.
There is also opportunity to take Price Bounce trade from the magical number 13131 to 13333 or 13222 to 13333 Or Vise Versa, Please follow strict stop losses as per your appetite. Take Entry above or below Pivot points. Dont wait for big candle confirmations. As you could have already exhausted the momentum.
Discaimer : All Views are Personal And Educational Purpose Only. You are exclusively responsible for your Profits and Losses. Use them with your own Risk.
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