NIFTY Intraday Play for 03 Dec,19

NSE:NIFTY   Nifty 50 Index
Hello Everyone. Do check the tip mentioned in idea's comment update of (02 dec,19) today's Nifty Idea.

For levels on all the FNO stock, check the following link

Dont be a Bull, Dont be a Bear...Just try to be a Hare!
Dec 02
Comment: Not expecting a fall beyond extremes today..hence will be looking to buy the bottom extreme zone if nifty reaches till there. Back in Lzone, lets see and react according
Dec 02
Trade active: 12079-12080 sl on fut, short nifty
Dec 02
Comment: will need a little help from banknifty here, lets see. Kotak bank is a problem!
Dec 02
Comment: wonder if this person is following zones...
Dec 02
Trade closed: target reached: theoretical targets around 12020, but since is nifty and not banknifty I am happy with 1:2. Book
Dec 02
Comment: or move sl to 12065 and trail on 10 mins time frame, till 12020 (on fut levels)
Dec 02
Comment: i would have carried toom but then, by then banknifty (spot) will enter the bottom extreme zone and with RBL and Kotak in green mood, extreme zone probably wont break. hence no point in risking profits. Today's just that kind of day.
Dec 02
Comment: I personally know a few ppl who track zones and dont trade fut but trade options, if anyone over here also does the same, remember some points. (with respect to zones)

1: always trade in the money contracts. Because usually we want stable and swift moves, not expecting multiple times profits here as its PURE out of the money, 2-3 times, that logic wont get you profits here.

(i am attaching a time and sales window screenshot from amibroker)
2: Most important, in case of options, enter before such red highlighted rows happen. and exit as soon as they stop happening. for today weekly 12100 pe gave safely 7-8 points, with 3-4 points sl. Considering, nifty, and on a day like this, its not bad.

All of this is only for nifty, not for banknifty. As Banknifty and Zones are like chaddi buddies.
Dec 03
Comment: Guys, lets talk..? Surely you wanna know abt these parameters or as I like to call them "Zones".

Just started a server on discord for this purpose only, so today around 5pm IST or maybe 8pm IST is fine for me. Whoever's up for it, just mention a 'hi' with your favorable time in comments or msg me. If there's atleast a bunch of traders, I will do it.
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