Nifty 50 IndexUpdated NIFTY Outlook for June 22-27! Expiry week volatility
Trade box in yellow
Area to initiate trade is 10300 levels.
For the short side i will initiate intraday trade at open, hoping to ride the profit booking wave with IMMEDIATE SL 10350. Upon breaching that i will switch to the long side for TARGET 10800 by expiry, which is improbable but possible with positive news and fund flow.
Please note that taking trades near trendlines and with technical logic is safer, so the levels i will consider are given on the chart.
Area to initiate trade is 10300 levels.
For the short side i will initiate intraday trade at open, hoping to ride the profit booking wave with IMMEDIATE SL 10350. Upon breaching that i will switch to the long side for TARGET 10800 by expiry, which is improbable but possible with positive news and fund flow.
Please note that taking trades near trendlines and with technical logic is safer, so the levels i will consider are given on the chart.
Trade active
Wait for break of trendlineTrade active
Patience, volatility yet to come. Wait for trigger on both sides. Orders placed as per inside barTrade closed: target reached
Hold for second TargetTrade closed: target reached
SECOND TGT ACHIEVED.Market is rewarding the patient longs
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