Lets analyse Nifty for 5th Sept. Nifty at a decisive stage Now.
Nifty heading to complete the Head and Shoulder right Shoulder. Lets Analyse.
I think tomorrow it will be a gap up around 10850-80 but need to see if it sustains.
It probably come down to test 10830, if a bullish structure is formed in 5 mins here we can target for 10880,10925,10965,11000
So we have to follow the rule of 5 mins higher high higher close and pullback principle at those levels.
But in case it comes below then it will come to 10800 and 10760 , but bearish targets should be avoided for tomorrow, I will inform if we can enter.
Keeping Expiry in mind we should trade, since volatility will be too high trade carefully.
So what should be the Strategy for 5th Sep Intraday?
Especially above 10890 we need a 15min candle close. then on pullback we can enter, as market can came down very fast from there if it does not sustain. If it sustain we will see all the levels i have mentioned.
The 5 min strategy is fine for all levels. 5 mins strategy attached in the screenshot below.
Stop-Loss will be always the previous structure low or high +10
Cheers!!
I think tomorrow it will be a gap up around 10850-80 but need to see if it sustains.
It probably come down to test 10830, if a bullish structure is formed in 5 mins here we can target for 10880,10925,10965,11000
So we have to follow the rule of 5 mins higher high higher close and pullback principle at those levels.
But in case it comes below then it will come to 10800 and 10760 , but bearish targets should be avoided for tomorrow, I will inform if we can enter.
Keeping Expiry in mind we should trade, since volatility will be too high trade carefully.
So what should be the Strategy for 5th Sep Intraday?
Especially above 10890 we need a 15min candle close. then on pullback we can enter, as market can came down very fast from there if it does not sustain. If it sustain we will see all the levels i have mentioned.
The 5 min strategy is fine for all levels. 5 mins strategy attached in the screenshot below.
Stop-Loss will be always the previous structure low or high +10
Cheers!!
Note
approaching 1st targetNote
enter now if anybody have not enteredNote
SL 10860 Target 10950 and trail
Note
i Entered @10895, according to previous day analysis.Note
If it cross 10920 and gives a close, it will become very bullish.Note
1st time in Trading view posts i hit stop-loss.As expiry day and volatility it came down. 35 points loss.
Note
8k Loss.Note
Guys Just to mention, our analysis was not wrong,we did not book profit when market went to 10920. entering @10890.
Basically it did not sustain the 10890 level, which i already mentioned in my post.
I used to book in 30 points. but today i missed it.
Note
it seems it is holding 1080 level, Expiry day so anything can happen.Note
buying only one lotNote
entered 10870 future SL 10860 future Very tight SLNote
10890 target reached exitingNote
just 20 points scalped. Don't believe Nifty today. it can do U turn, Koi bharosa nehi.Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.