Midcap Nifty expiry trades and targets - 5/7/24

Jul 8

Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves. If we try to trade in between zones then our SL will be hit and capital will be wiped out. Preserve your capital on expiry is the most important thing to do. Look for hero zero trades after 2.00 P.m. and use 10% capital for this trade.