Nifty Trading Plan - 30th June

NSE:NIFTY   Nifty 50 Index

l HTF is again in a make or break zone. DTF has a "Bearish SRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers MILD TRENDING DAY bias and due to narrow range CPR .
l 15793 is a resistance level and any weakness at this level should be a selling opportunity.
l Support levels 15735/15674
l Resistance levels 15723/15793.
l Market has been quietly trading hence, trending day can be a high probability.
We are in a 15735 zone from where market gapped up, hence we can expect reversal else a further fall. So, don't rush into trades.


Step 1 - Strategies to be deployed -

l Open drive rejection.
l PPT .
l Evening star .

Step 2 - Trading Plan

1. Any bullish PA above 15795 is long with stop of 15772 and target of 15835.
2. Any bullish PA above 15726 is long with stop of 15705 target of 15769.
3. Aggressive long above 15856 is long with stop of 15833 and target of 15900.
4. Any bearish PA below 15751 is short with stop of 15774 and target of 15706.
5. Any bearish PA below 15831 is short with stop of 15856 and target of 15780.
6. Aggressive short above 15699 is long with stop of 15722 and target of 15656.

This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.

Have a nice day!!
Comment: Please read Plan 6 as below instead of above. Its a "Typo"
Trade closed: target reached: Plan 1 done
Comment: Plan 5 done
Trade active: Plan 4 in progress
Comment: Please book max by 3 15 and no later than that.
Trade closed manually: Plan 4 booked at 15713 instead of 15706. Since, it was 3 15 and want ppl to book it, than waiting till nth moment.