So on 30th Aug the way Nifty has moved and from the charts and overall market sentiments below is the view for tomorrow and one week.
Case 1- Most probably it may give a gap down around 10900-50. Need to see if it comes down it has dept to come 10830 and can recover to reach 11080. Case 2 - If a gap up is seen around 11080 Nifty may try to test 11150. If breaks then we can consider the Pink Head and Shoulder is activated but should not enter immediately when price action retraces and starts a up word move we can long for a swing trade.
So what should be the strategy for Intraday? For tomorrow we should wait and act accordingly. As i am little bearish in the 1st half and bullish in the second. i will act according to my analysis on the Case scenario i have shared.
Try to refrain from BTST or STBT for this week. Cheers!!
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Nifty hovering around 10880, so a sell canbe triggered if breaks
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Obviously break structure 5 min rule in pullback entry
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Nifty not able to close below 10880, Lets see what it will do.
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Will it directly fall? Lets see. In any case we have to wait for a pullback.
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exited position 10880 future. Entered @10905, Don't want to take risk.
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10830 Nifty spot Target probably it will reach in some time. Very slow moving Nifty.
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Exiting All positions , Nice day made good profit today on the next entry, 5*K , * is a number here, Very happy. Cheers!!
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Please like comment and share, it will boost my power of analysis.
Let's not be over confident, so we will book profit in intermediate levels, even it is 1k or 5k.
Just follow 5 min lower low and lower close or higher high higher close and pull back entries on the analysis, We will always be profitable. Cheers!!
Trade closed: target reached
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Today where Nifty gave us opportunity to enter? Follow the below Concept always.
good analysis but i was on holiday s no trade today
sendmail2anuj
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bhai third rsi diversion hoga... pir upper jayega
manotrade28
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@sendmail2anuj, Dekhte hain, I analyse on the Intraday basis so that we can have safe entries and exits at least 30 points daily basis, I consider all possible Analysis starting from Elliot Wave, Harmonics, Candlesticks pattern, high performance structures, trends and some best indicators like MACD. RSI, STOCH, Demand Supply and some custom indicators with experience. Thanks for your input. Analysis going on!!
:-)
annamess2011
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Now my understanding is very clear Sir after seeing the screenshot. Thank you. Kindly create a group Sir.
manotrade28
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Future 10869 SL
manotrade28
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@manoranjantrade28, By mistake i updated here, So ignore
ramtdview
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Hi Mano, Just a suggestion. Like annamess2011 said can you please create a group in whatsapp or telegram channel so that it's easy and handy to follow your views based on the post. Here it's getting difficult to track during trade times as multiple windows open.