Nifty trades and targets for - 23/8/24
Hello Everyone. The market was in a very tight range today. You need to have lot of discipline and patience to trade on these kind of days. There were no trades except the initial fall. Always have few rules or set up to trade and try to practice these each and every day without fail. For beginners its very hard to do options trading without discipline. I have developed a set up and few rules which are giving me good results. This literally took 4 years to realize it. Strategy can be related to trendline, support and resistance zones, price action, indicator or any other. Do not trade without a strategy or set up. If you do so be prepared to loss capital few times definitely.
Note
Volumes are very low in option chain, let today's low break with a 5 minutes candle then look for PE trades. 24730/24700 can be targets. If it is in between today's high and low then it going to be "No trading Zone" Note
Very low volumes in all index so avoid trading till high or low is broken. If broken then trade accordingly.
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