Nifty Intraday Levels for 15-07-2021

Jul 14, 2021

NIFTY

Levels will be same as given earlier.
Go Long only above 15880
Target -1 15940
Target- 2 16000

Go Short only below 15739.40
Target-1 15684.10
Target-2 15628.40

Scenario:
1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend.

2) If Open with gap up above 15880 and within 15 minutes face resistance at 15920 then don't jump to take any trade. Let it go down till 15840 and break it with powerful candle. Then follow the marked levels on sell side. I recommend to keep on booking 50-60 points profit as tomorrow is expiry day.

3) If open with flat around 15830-15850 then wait for a clear trend and follow the level on either side. If breakdown below 15809 then take first target till trend-line. And if the trend-line breaks down then follow the marked target level.

4) If Open with gap down around 15780-15800 then wait till it breaks down the trend line to go short or wait till it breaks up the 15880. Don't trade in between these level as tomorrow is expiry and market may be sideways in the 1st half. It is not good to loose your option premium in sideways market.

If any doubts/suggestions, comment below.

All the best for trading on expiry day.