Nifty -The Choppy Drive for 200+ Making of Wedge

NSE:NIFTY   Nifty 50 Index
Trading Strategy

09:32 Hrs / 30th Jan 2020

Last Price - 12083

Plan A – Short Term Plan: ------ This Plan is Active
Holding 12070-12080 –Traders can look for 12150-12170 & above 12170 look for 12225 / 12250 + ----- No Buy Trades if goes below 12070

Making of Wedge ( Note - Pattern invalidates if 12025 is breached on downside before pushing upside)

Plan B - Long Term Plan:
Traders can have long or buy positions holding 12025 –if you get opportunity close to 12025-12035 zone -which is key level for Targets upside 12150 / above 12170 for 12225 & 12250+ (Take care- allow markets atleast 10-15 mins to trade & hold in 12025/12035 zone before you execute the trade as suggested above in Plan B)

Plan C –
Buy If Index crosses 12375 – Strictly holding above 12375 –Expect upside 12450 / 12500 zone

Plan D –
Selling if crosses above 12430 & later falling back below 12375 –key level mentioned in Plan C

Previous Video Ideas

Last Nifty Idea - Stellium Effect - How I cracked the tops at 12295

Dollar Rupee ( USDINR ) Last Idea

Trade active: 13:27 Hrs / 30th Jan 2020

Last price @12036

Day low @12020

Just dipping below 12025 & bouncing back - keeps the bulls hope alive so either it breaks heavily below 12025 or it travels upside for 12150-12170 - Traders keep a watch as it is most important session for the market.

By heavily - I mean- break has to be vertical & should stay for 5 - 10 mins atleast below 12025 else it is just another way round.

Risky Traders have support zone 11990-12000 - It is only for extreme risk takers that they look for upside targets of 12150-12170 taking stops of 30-40 points below 11990.


Going below 11990-12000 zone which is psychological zone - Once that is breached - Cut your emotional attachment from bull camp as Index may attempt 11940-11950 zone downside that too holding below 11990-12000.

Kindly understand -It is Monthly expiry so sessions would be extremely volatile -Manage your stops while trading & have patience to get the results. Thanks
Trade closed manually: Idea closed. Thanks

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

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.