NIFTY 4TH APRIL TRAP TRADING ANALYSISThe market (NIFTY50) is currently trading at 22416. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases.
Here are the levels and analysis for the NIFTY Expiry on April 4th (TRAP TRADING):
Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22325 to 22500.
Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22500. The targets will be:
Target 1: 22613
Target 2: 22650
Target 3: 22694
Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22325. The targets will be:
Target 1: 22185
Target 2: 22150
Target 3: 22108
Note: Selling side momentum can be captured effectively as selling often yields better results than buying. However, it's crucial not to be biased towards any side. Wait for a level break and then align with the market. The market will consistently provide favorable outcomes, whether in terms of profit or learning.
