NIFTY LOOKING OVERSOLD MIGHT SHOW A BOUNCE
NIFTY CMP IS 10150 INDEX HAS BEEN IN A SELL ON RISE MODE TILL NOW
There are EARLY signs of short term bottom formation near 10100-10060 levels
LONG INITIATION ZONE-10080--10110 STOPLOSS 10138 SPOT 10MIN CANDLE FOR STOPLOSS
longs can be initiated ON DIPS TARGET FOR THE LONG TRADE WILL BE 10300 -340,10400
AND HIGHER
PLZ READ CAREFULLY
1 THIS WILL BE A POSITIONAL TRADE
2 TRADE IS BUY ON DIPS WAIT FOR THE LEVELS DONOT JUMP IN TRADE
3 VOLATILITY IS HIGH ---THUS HIGH CHANCES OF STOPLOSS
TRADE SMALL QUANTITY 50% OF YOUR USUAL QUANTITY ONLY
4 CAREFULLY CALCULATE WHETHER YOU CAN HANDLE THE VOLATILITY
5 DERIVATIVE TRADING IS A HIGH RISK ACTIVITY
6 IF YOU MISS THE TRADE DONOT JUMP IN IT LATER
IDEAL TRADE SIZE IS 4 LOTS 1-1-2
There are EARLY signs of short term bottom formation near 10100-10060 levels
LONG INITIATION ZONE-10080--10110 STOPLOSS 10138 SPOT 10MIN CANDLE FOR STOPLOSS
longs can be initiated ON DIPS TARGET FOR THE LONG TRADE WILL BE 10300 -340,10400
AND HIGHER
PLZ READ CAREFULLY
1 THIS WILL BE A POSITIONAL TRADE
2 TRADE IS BUY ON DIPS WAIT FOR THE LEVELS DONOT JUMP IN TRADE
3 VOLATILITY IS HIGH ---THUS HIGH CHANCES OF STOPLOSS
TRADE SMALL QUANTITY 50% OF YOUR USUAL QUANTITY ONLY
4 CAREFULLY CALCULATE WHETHER YOU CAN HANDLE THE VOLATILITY
5 DERIVATIVE TRADING IS A HIGH RISK ACTIVITY
6 IF YOU MISS THE TRADE DONOT JUMP IN IT LATER
IDEAL TRADE SIZE IS 4 LOTS 1-1-2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.