Everything played out exactly as we planned yesterday.
The strong sellers’ volume from yesterday reflected today, and
NIFTY saw a sell-on-rise move from the highs.
When the market follows the plan, it simply means the move is predictable and the environment is tradable.
Now for today – Nifty gave a good bounce from its support near 25025.
However, this bounce isn’t strong because sellers’ volume was still 40 million higher than buyers.
So my strategy for tomorrow will be Wait and Watch. Since the index bounced from support but sellers’ volume remains high, I will only trade on confirmed breakouts of levels.
If Nifty opens above the pivot at 25078 and breaks the resistance at 25150, I’ll go long with an upside target of 25250.
If it opens above the pivot but falls and breaks below 25000, I’ll short with a downside target of 24930.
Sector focus for tomorrow – NBFCs, as many stocks there are showing turnover buildup.
Today we booked 6% profit in
TOLINS and 18% profit in $NSE:ARCHIES.
That’s all for today. Take care. Have a profitable day ahead.
---
📊 Levels at a glance:
Pivot: 25078
Support 1: 25025
- Support 2: 25000 (below this = short, target 24930)
- Resistance 1: 25150 (above this = long, target 25250)
Bias: Wait and Watch, trade only on breakout of levels
Sector focus: NBFCs
The strong sellers’ volume from yesterday reflected today, and
NIFTY saw a sell-on-rise move from the highs.When the market follows the plan, it simply means the move is predictable and the environment is tradable.
Now for today – Nifty gave a good bounce from its support near 25025.
However, this bounce isn’t strong because sellers’ volume was still 40 million higher than buyers.
So my strategy for tomorrow will be Wait and Watch. Since the index bounced from support but sellers’ volume remains high, I will only trade on confirmed breakouts of levels.
If Nifty opens above the pivot at 25078 and breaks the resistance at 25150, I’ll go long with an upside target of 25250.
If it opens above the pivot but falls and breaks below 25000, I’ll short with a downside target of 24930.
Sector focus for tomorrow – NBFCs, as many stocks there are showing turnover buildup.
Today we booked 6% profit in
TOLINS and 18% profit in $NSE:ARCHIES. That’s all for today. Take care. Have a profitable day ahead.
---
📊 Levels at a glance:
Pivot: 25078
Support 1: 25025
- Support 2: 25000 (below this = short, target 24930)
- Resistance 1: 25150 (above this = long, target 25250)
Bias: Wait and Watch, trade only on breakout of levels
Sector focus: NBFCs
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.