Nifty Trading Plan - 29th July

NSE:NIFTY   Nifty 50 Index

DTF is in area with "BEARISH HAMMER", which infers "sellers dominant" bias".
Pivot analysis infers TRADING RANGE bias.
CPR is in "LOWER VALUE WIDE RANGE" relationship.
► Support levels 15605/15578
► Resistance levels 15778/15735.

FII have sold total of 18300 crores in total for this month. SO, my suggestion it would be better if we take short trades.



Trading Plan

1. Any bullish PA above 15714 is stop of 15692 and target of 15753. (Scalp)
2. Any bullish PA above 15586 is stop of 15559 and target of 115626745.
3. Any bearish PA below 15740 is stop of 15762 and target of 15705. (Scalp)
4. Any bearish PA below 15635 is stop of 15657 and target of 15599.

Two rules that I follow religiously while trading

► Don’t trade until 9:30, unless it’s a trending day.
► Once you Reach 1:1 RR ratio move u SL to cost and book 50% if you are conservative trader.

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

Bonne chance!!


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