Nifty: Intraday Trade Setup for Expiry As I have mentioned in my previous day's posts, I am buying Nifty on every breakout of its supply zone. Now I am in that position that If tomorrow Nifty will open 100 points gap dow then also I will be in a profit. The trend is your friend and " Bhav Bhagwan Che". Received many messages who took a short trade and now they are stuck. They are bearish in the market and on every strong momentum they made a short position (In some case analysis may go wrong is a different thing but don't have a knowledge of analysis is a different thing). As per my view in the short term trend, neither I am bullish nor bearish and in a long term time frem I am bullish but this view doesn't impact my intraday trading. Anyways, Tomorrow If Nifty will trade in the 12050-12120 zone then I will trade in option writing. If Nifty will sustain above 12135 then I will go long in Fur for the target of 12200. Trade Well.
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Forgot to add One Point: I still believe that one more correction is pending near 11700 but this will not be going to happen tomorrow. and that correction day we may see some people happy who advised to go short in Nifty before a few days back.
When will the correction near 11700 happen? In Feb or in Mar?
Swapilchoksi
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@SanjayBhatia2294, Hi, it's not my cup of tea to tell u the timing. but this week it's difficult to trade above 12200. if it will sustain then it will give double confirmation for short term uptrend. tomorrow is an event day so let's see