Nifty this week traded in 300 points range expecting it stay in this unless week high 19865 or week low 19560 breaks and sustains.Few turning points in between the range for intraday moves are 19820,19750,19550 areas.
Important Note:-For Reversal any positve price action on low of previous week low levels 19550 area long can be good because earlier from this level it rallied to All time high.(Refer to Jul 17th area )
For Monday Levels
19650 Above Long
Targets 19700,19725,19750
19550 Below Short
Targets 19500,19470,19450
Important Note:-For Reversal any positve price action on low of previous week low levels 19550 area long can be good because earlier from this level it rallied to All time high.(Refer to Jul 17th area )
For Monday Levels
19650 Above Long
Targets 19700,19725,19750
19550 Below Short
Targets 19500,19470,19450
Comment:
19650 Above Target one done 19700
Comment:
Comment:
Target two done 19725
Trade closed: target reached:
19650 above all Targets acheivd
Comment:
Tuesday Levels
19775 Above Long
Targets 19800,19835,19875
19690 Below Short
Targets 19660,19620,19590
Gap up or Gap down wait for price action and direction.
19775 Above Long
Targets 19800,19835,19875
19690 Below Short
Targets 19660,19620,19590
Gap up or Gap down wait for price action and direction.
Comment:
Play reversal if opens flat and rejects at 19750 area short target 19700,19675,19650
Comment:
Trade closed: target reached:
Opened at supply zone made a double top entered short grabbed 55 points
Comment:
Tuesday Levels
19775 Above Long
Targets 19800,19835,19875
19700 Below Short
Targets 19675,19625,19590
Gap up or Gap down wait for price action and direction.
(Play reversal if opens flat and rejects at 19775 area short target 19700,19675,19650)
19775 Above Long
Targets 19800,19835,19875
19700 Below Short
Targets 19675,19625,19590
Gap up or Gap down wait for price action and direction.
(Play reversal if opens flat and rejects at 19775 area short target 19700,19675,19650)
Comment:
gap down opened nothing to do now, let it retrace to 19675 or in 5 mins time frame place 20 EMA look for price aciton there for entries
Comment:
1 hour initial balance low breaks at 19600 good fall til 19520 area patience in important nice trade
Comment:
Expiry could be range bound since we had good day today ,expecting it to trade in 150 points range 19650-19600 upside and 19500-19450 to downside unless proven otherwise.
Expiry Levels
19560 Above Long
Targets 19600,19625,19675
19490 Below Short
Targets 19450,19425,19400
Expiry Levels
19560 Above Long
Targets 19600,19625,19675
19490 Below Short
Targets 19450,19425,19400
Comment:
Comment:
Comment:
Trade closed: target reached:
All targets acheived
Comment:
Friday Levels
19400 Above Long
Targets 19460,19500,19540
19370 Below Short
Targets 19340,19300,19242
19400 Above Long
Targets 19460,19500,19540
19370 Below Short
Targets 19340,19300,19242
Comment:
Trade closed: target reached:
Took 60 points, closing this idea here will post new one for next week