GOPISRI

Nifty Expiry trades and targets - 16/5/24

NSE:NIFTY   Nifty 50 Index
Hello Everyone. The market was in a very tight range the today. Be very careful tomorrow as its expiry so wait for resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. Use RSI indicator with 65 as overbought and 35 as oversold levels, check the chart and see where the reversals are happening. Plan your trades for reversals at RSI levels then you can see good profits. If you made profits in the morning then stay away from market, if not then wait for trades till 1.30 pm and plan accordingly. Save your capital on expiry day should be the first priority. You can connect me on x if you have any doubts.
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.