Nifty 50 Index
Long
Updated

Nifty May become Bullish on 4th Sept, Lets Analyse!!

Nifty Forming a bullish Head n Shoulder in Daily time frame, But the market sentiment Bearish.
It has a depth to come low near 10640, which i personally feel it wont.
Nifty may come to 10750-30 and may start go upwards.
Probably there will be a gap up tomorrow around 10800 to 820, then it will come down to 10750-30 and sharp up side move according to me.

So what should be the strategy for 4th Sep Intraday?

We should try to see higher high and higher low in 5 mins time frame near 10750,10810,10860,10930 while reversing from 10730.
And follow the strict rule posted in my previous posts that's it.
To understand the 5 min trick you can see my previous post attached image.

sell below 10630 target 10590,10560
Cheers!!
Note
As part of the rule SL always will be below the last structure it broke and additional buffer 11 points.
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10730 it will reach we will see there how market behaves
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Entering @10810 if crosses
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target 10850 and trail
SL10760
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Trail sL to 10830 SPOT
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If you look more profit to book you can try to move the SL to 10815 Break even
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I am out of the Trade 20 points captured
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Just imagine not a single day loos and daily 5k, in between Chouka and Chhaka!!
Note
There is a myth 95% intra day traders fail.
How to break that Myth? this is the solution. I am the example.
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1st target reached 10850-60
Next if it sustains eye for 10920-30
Trade closed: target reached
Our Safe target reached.
Cheers!!
Note
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