All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have to Grab in , A to Catch within Range & to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...!
Strategy 1 : If Nifty remains within 8700-8750's, Don't attack directly with full-force. Hide n Strike like which is hidden inside ,by scalping 10 or 15 points. Or if you use different strategy to trade, only do scalping within the above mentioned range.
Strategy 2 : - So for this to happen either Gap Up open in our ( lesser chances I believe ) or Move up to Crab's end. This is also the completion of Elliott's Wave-3. So reversal means start of Wave-4 & Short trade by .
Now we will have doubt, why not get long on Wave-3 & ride till , Well, there is no assurance Wave-3 will move as predicted, moreover we are on 15mins so Nifty may take any direction. We will be lucky if works fine on Shorting and we ride down breaking 8700's by trailing stops. Remember this is lucky scenario in Nifty and Nifty always makes us do hardwork, not easy winners. If fails our stops will be above 8747's, so we don't lose more than 8 points, a risk worth taking for Me. So please check your plan before proceeding.
Just happened, pre-market @ 8743, will love it if market don't spike up n moves all the way down. Get Ready...!
Happy Trading !