Sacredmonkey

Nifty Trading plan - 25the June

Long
NSE:NIFTY   Nifty 50 Index
Summary

l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l DTF candle pattern is a bullish Doji . So, expecting a breakout above 15860 to finally see new highs.
l 15439 is critical level to breach in convincing manner for me to change view from Bullish to Bearish in Medium term.
l Pivot analysis infers TRENDING bias and expect big move if market sustains above 15760
l Support levels 15760/15735
l Resistance levels 15828/15860.
l Trending day probability is high. Opening print will confirm direction.
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Step 1 - Strategies to be deployed -

l Open drive rejection
l PPT .
l Evening star .
l RCR
l CPRRVL

Step 2 - Trading Plan

1. Any bullish PA above 15772 is long with stop of 15761 and target of 15821.
2. Any bullish PA above 15760 is a long with stop of 15735 and target of 15806.
3. Aggressive long above 15843 with stop at 15817 and target of 15893.
4. Any bearish PA below 15733 is a quick scalp with stop of 15757 and target of 15701.
5. Aggressive short below 15699 is short with stop of 15729 and target of 15651.


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

Have a nice day!!
@Mockingbanana
Trade closed: target reached: Plan 1 done
Trade closed manually: Plan 3 closed with partial target since, we were ending day at 3 :15PM

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