As you see in the chart, Market is recovering on daily basis and give closing above the previous low.
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So for Monday simple Strategy. If Market goes down below 14450, we will buy PE.
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If Market goes up above 14700, we will buy CE.
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If Market give gap up opening, we sell after correction.
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If Market give gap down, we buy after correction.
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You can give your...
As analyzed it was a Range-bound day and in the last hour, we saw selling which was updated in our Premium Trading rooms around 1:00 PM.
I mentioned Spanattack (time-based price action) Strategy which is giving around 80% accuracy until now.
All our Trading Rooms would get Spanattack Strategy before market hours.
Expectations: Trending Day.
Intraday...
Nifty will be bullish only after 14900
Immediate Resistance: 14900
Immediate Support: 14600
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Nifty has again taken the support from the lower blue line of the channel and expected to move towards 15000 zones.
In case it breaks the channel on the lower side, we may see 13500-13650 levels.
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Nifty played very well as predicted.
Next move:- If it gives one more push up to 14,545.50, take a swing short till 13,787.60. Then from 13,787.60, take a swing long till 15,446. Trail your stop loss during the drop and rally.
Looking at how flat the Vwap has been recently and adding the recent slow down of the bull run that started last week, we might see continued range bound movement.
Would suggest targeting selling moves rather than buying
Nifty 50 failed to hold 15000 levels continuously for two days. bears are active on higher. we can expect 14500 will be next support.Unless it breaks 14400 level nifty will not turn to bearish.
> Targets and entry points are mentioned on the chart.
> Try to square off your position on an intraday basis if it doesn't break the positional levels.
> Take positions only if the last 30 mint candle breaks the targets.
> Also in a major breakout or upward momentum you can take positions.
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