COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY. 1. In previous post point no. 1.trade plan " since price is in red box it can down or consolidate for quite sometimes then if crosses red zone next target is pink box." This is what I shared with you all. you can see in fig price opened gap up from red zone and travelled to pink box . And spend almost four hrs in box. I ask all of you pl send in comment box your view . Am I chasing price or price is chasing me? To attained this accuracy I worked 24/7 14 years . so I say to all genuine seekers please get up and burn night oil. Make chart your friend. Market Respect hard work. He reward with plenty of money. Else you should know how to play in market with smart money. What ever chart I try to publish ,I try to attain this precision . I can be wrong any day any time. But I like to maintain my accuracy.
Trade Plan for next day. 1. See in fig I made a red zone I feel nifty can visit here If this is not taken out then nifty can be range bound between pink zone and red zone . On taken out red zone either by gap up or while trading in day yow will see white dotted line next target. 2. One green support is below red zone is taken out then nifty will resume down trend. Right now nifty is in upward structure so chances are to move to white resistance in day or two. 3. If range bound then you can trade both sides keeping strict stop loss. only when it is near support buy on other hand near resistance then short. This can only be done when nifty make some range . Otherwise this will not work. Rest market will decide.
range bound expectation, even nifty is bullish on daily candlestick pattern and ready to fill the gap upto 9746. but recent china - us tensions paused it, all asian market and dow are negative even sgx nifty is 1.5% down @ 0700 am. looks like gap down opening. all are requested to trade with caution in range 9500 - 9225. rest all market will decide.