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
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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.
OR
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
85% chance, nifty will not take support this time. As per the above channel and worked, nifty will break everything. Better to find a short-selling level while bouncing. This is my personal view: if necessary then, I will do a complete view for nifty.
The above chart is a perfect example of the result.
Long term view: (I don't recommend to buy index as per long eye)
I suggest you find where to short and move in direction of a wave.
Best of luck.
reddy38
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very goood
muralikrishnam
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thanks for vdo
Akshay77
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Wow it's very amazing analysis from you sir. Best of luck for your progress.
The above chart is a perfect example of the result.
Long term view: (I don't recommend to buy index as per long eye)
I suggest you find where to short and move in direction of a wave.
Best of luck.