nifty is forming a H&S pattern.
after breakdown below neckline nifty may fall 130-200 points.
swing trade idea.
only for education. trade at your own risk.
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18300-18350 (18200 level will be very crucial for up move here we can see ( option chain) fresh short positions were added in 18200 CE)
-with SL of 18270
- 18450 we can see as the...
NSE:NIFTY
This is Scenario-1 for NIFTY for minor gap up and turnaround in the global sentiment which is bullish at this moment.
In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each.
Also if Bullish sentiment remains strong on the expiry day, then there can be an bonus trade of 50 points if we see quick short...
NSE:NIFTY
This is Gap Down Scenario-2 for NIFTY . Level and Target are mentioned on Chart.
Take Entry below 15840 and Target will be 15745 - 15752. Keep Stop loss 15915. Be quick in booking profit.
