RaviChandran_Rajkumar

How to Trade Nifty on 04 March 2021

NSE:NIFTY   Nifty 50 Index
How to Trade Nifty on 04 March 2021

What Chart Says:
Nifty formed a good bullish candle and was trending the whole day.

Behind the scenes:
Advance to decline ratio is around 47:3 in nifty 50
FII & DII have both invested of around 2400 Crores together
All the european markets and asian markets were in Green at the time of review

What to expect:
If the market opens flat then we can expect a possible side ways movement or else if the market opens gap up when we can test 15500 levels too

How to trade today:

Possible setups:
1. GAP UP OPENING - First possible resistance is at 15314 and if it is taken out and if it acts as support then we can expect 15371 / 15431 & above levels to be tested.
2. GAP DOWN OPENING - First possible resistance is around 15130. Any of these levels acting as a strong resistance can go short with possible lower targets of 15064/14995.
3. Flat OPENING - 15245 is the key level to watch out on flat open any support & resistance at this level we can take positions in the direction of the trend and sit for targets as marked.

For better Accurate trades use tradershedge indicator:
?? Each levels Act can as possible support and resistance????.

You can trade then on 5 min and 15 min as per your trade set up or you can follow the dynamic entry & exit levels update and triggers from our TradersHedge indicator setup.

The indicator will auto plot the possible reversal zones for intraday & swing trades by analyzing the higher time frames and identifies the supply & demand zones.

The indicator will also guide you as a GPS system by plotting the possible target zones well in advance so that you can plan your trades accordingly.

You can also check out the Links in the signature for detailed & LIVE updates.

Happy Trading !
Youtube: https://bit.ly/39LWvXR
Indicator: https://bit.ly/3qJr8EL
Telegram: https://t.me/tradershedge
Join TradingView and we both get up to $30: https://bit.ly/39PGWi6

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