As we you guys can see that we have been getting a good downside move which is healthy for the market and it the first deep right know so the rule is 80% of the time 1st deep always get buy so my plane for nifty is here
1. so as we all know that SGX is down 110 point today so if market open gap down and i see market getting to my point which i have plotted on the chart which 17460-17475 i will be look to take a risk entry on 5min chart any if i found one
2. if i don't able to get the risk entry i will simply wait for 17600 to get break with good volume, get a 15min candle close and will hold this trade with the target of 17800-17900
3. let say market didn't respected my level if it doesn't i will wait for the some other opportunity i wont go shot right know i m bullish on nifty
1. so as we all know that SGX is down 110 point today so if market open gap down and i see market getting to my point which i have plotted on the chart which 17460-17475 i will be look to take a risk entry on 5min chart any if i found one
2. if i don't able to get the risk entry i will simply wait for 17600 to get break with good volume, get a 15min candle close and will hold this trade with the target of 17800-17900
3. let say market didn't respected my level if it doesn't i will wait for the some other opportunity i wont go shot right know i m bullish on nifty
Trade active:
bought nifty at 17480
Trade closed manually:
as we have seen the good selloff in the morning i have bought nifty and was playing to hold it for this week but my trial stop los got hit so i exited manually from this position
