Midcap Nifty trades and targets - 18/6/24

Jun 17

Hello Everyone. The market was in a bullish mode previous day. Let the market settle for first 30 minutes as we had 3 holidays and the premiums will decay and adjust very fast. Wait till market settle then trade as per plan. 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.