Nifty Next Week Expiry - 28th to 1st Dec
Nifty is moving in uptrend channel. I am here looking at the best scenario that might give a good RIsk to Reward. I can go long till 18660 as Nifty has already retested breakout but risk reward will be screwed. Hence, best trade according to me would be to wait for 18660 and go short for 1st target 18445 and 2nd target 18365. SL will be max 15-20 points if we execute as near as 18660. Let's see how this goes.
Please note:
Trading F&O is very risky, so always trade with a fixed capital (10-15% of your overall investment), limited lot size and strict SL. SL can be strict/small if we try to find best Risk to Reward trades. Market is supreme, always respect SL. You may hit SL of 20 points in 5 trades and yet be profitable with just a single trade with 200 points move. So, always maintain discipline and never hold losing trade. Thank you.
Please note:
Trading F&O is very risky, so always trade with a fixed capital (10-15% of your overall investment), limited lot size and strict SL. SL can be strict/small if we try to find best Risk to Reward trades. Market is supreme, always respect SL. You may hit SL of 20 points in 5 trades and yet be profitable with just a single trade with 200 points move. So, always maintain discipline and never hold losing trade. Thank you.
Trade closed: stop reached
Nifty broke November channel upward and hit SL. Trade closed for the week as per chart plan.
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