Updates for the week. NIFTY a trade plan:
Buy the dips galore.
16400 has been confirmed as a bottom possibly for this expiry, incase 16400 breaks there might be a big dip and hence lets keep an sl of 16410 to be safe and buy the dips in the coming days.
Tomorrow strategy
I foresee this call oi at 16500/600 that has come up to get into trouble by wednesday however writers are champs they manage right 😉 so i think there might be a trending up day by wednesday scaring the weak writers and then consolidating on expiry to again much below 16700 and moving towards 16900+ by month end may be.
The view collapses if 16400 broken and shorting there i guess would be enough incase comes to make good money. Above that im guessing there shouldnt be shorting except above 16700 if comes this series and breaks below 16700 for a 100pointer.
Trade plan
Trade 1: buy the dips to 16450 with stops at 16410 for a 200+pointer overnight too holding for wednesday.
Trade 2: if dip does not come buy above 16625 for a 100point tgt
Trade 3: Short below 16700 if consolidates or turns from there short only the dip below it for a 100pointer.
Trade 4: if at all falls below 16400 short and hold for a 200pointer and keep wider trails and stops when comes if comes.
Buy the dips galore.
16400 has been confirmed as a bottom possibly for this expiry, incase 16400 breaks there might be a big dip and hence lets keep an sl of 16410 to be safe and buy the dips in the coming days.
Tomorrow strategy
I foresee this call oi at 16500/600 that has come up to get into trouble by wednesday however writers are champs they manage right 😉 so i think there might be a trending up day by wednesday scaring the weak writers and then consolidating on expiry to again much below 16700 and moving towards 16900+ by month end may be.
The view collapses if 16400 broken and shorting there i guess would be enough incase comes to make good money. Above that im guessing there shouldnt be shorting except above 16700 if comes this series and breaks below 16700 for a 100pointer.
Trade plan
Trade 1: buy the dips to 16450 with stops at 16410 for a 200+pointer overnight too holding for wednesday.
Trade 2: if dip does not come buy above 16625 for a 100point tgt
Trade 3: Short below 16700 if consolidates or turns from there short only the dip below it for a 100pointer.
Trade 4: if at all falls below 16400 short and hold for a 200pointer and keep wider trails and stops when comes if comes.