Nifty Trading Plan - 14th July

Summary

► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels 15895/15850
► Support levels has Multiple pivot point zones, which infers good support. Above 15760 we may see some buying. So, keep a watch, unless market gaps up or down.
► I want to highlight one thing, in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology. Hence, expect some correction in medium term.


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Step 1 - Strategies to be deployed -

l Open drive .
l PPT.
l CPRRVL

Step 2 - Trading Plan

1. Any bullish PA above 15800 is stop of 15781 and target of 15830.
2. Any bullish PA above 15768 is quick scalp with stop of 15749 target of 15790.
3. Any bullish PA above 15749 is stop of 15729 and target of 15789.
4. Any bearish PA below 15840 is short with stop of 15860 and target of 15800.
5. Any bearish PA below 15790 is short with stop of 15809 and target of 15764.


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

Have a nice day!!
@Sacredmonkey

Trade closed: target reached:

Plan 2 done

Trade closed: target reached:

Plan 1 done

Comment:

I hope you guys are trading as per plan and benefitting from it. Soon, will give a monthly update on all calls that were traded and what's the accuracy percentage with risk to reward ratio.

If you have traded both, close your laptop and chillax.