Nifty Trading Plan - 29th June

NSE:NIFTY   Nifty 50 Index

l HTF is again in a make or break zone. DTF has a "Bearish WRC" candle, which infers "NEGATIVE" BIAS".
l Pivot analysis infers TRADING RANGE bias and due to wide range CPR . But, since today was a silent day, I can still sense a chance of trend for at least part of a session if not more.
l 15901 is a critical level and any rise should be a selling opportunity for short term.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Support levels 15793/15735
l Resistance levels 15901.
l Fade the edges if its trading range day.


Step 1 - Strategies to be deployed -

l Open drive rejection.
l PPT .
l Evening star .

Step 2 - Trading Plan

1. Any bullish PA above 15857 is long with stop of 15830 and target of 15890.
2. Any bullish PA above 15774 is long with stop of 15745 target of 15825.
3. Any bearish PA below 15825 is short with stop of 15853 and target of 15782.
4. Any bearish PA below 15885 is short with stop of 15913 and target of 15841.

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

Have a nice day!!


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