NIFTY : March Series Trading ApproachA tough series to trade. Except, IT and Mid Caps and Realty, all other sectors are into correction mode. These might keep NIFTY under pressure for some time.
However, we have three references.
1. March Open
2. GAP Fill Level
3. BAT pattern (ABCD infused into it)
Taking contrarian trades at MOB levels will be prudent with the help of Weekly / Daily PIVOTs //CPR.
Hurry in an entry might not pay off. I have tried to capture few points in this video post. Hope, it's going to give you a perspective.
Harmonic Patterns
Nifty takes a breatherTrends have shown great inclination to sustain the upward drive. Lots of newsflow emerged over the past few weeks and all have contributed to the ongoing upward drive rather than dented the upward momentum. Periodic corrections that have emerged provided a good opportunity to initiate some longs that has fuelled the trend further. Overall bullish momentum seems to be fuelling constant upside as the trends continue to retain the upside.
Market to consolidate ? Trade Plan Nifty & Bank Nifty 13th JanFirst step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all)
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup and trading strategy.
Nifty : Trend is up Buy on Dip :14519,14475 tgt :14607/14657 (see video for details )
Bank Nifty : Trend is up Buy on dip : 32268/ 32076 Tgt : 32844 ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.