Nifty & Bank Nifty - Opening Trade Ideas for 12 Jan 2020Nifty & Bank Nifty - Opening Trade Ideas for 12 Jan 2020
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Indicator used : tradershedge
Pivot Points
Intraday SetUp For Dabur 3rd Jan 2020Buy(H4 Breakout)
If in Dabur, the 1st Candle which touches the H4 ie around 462.4 and its next candle is also Bullish and closed above H4 then enter on BUY side around 462.4 with Target around H5 (464.3) and Stop Loss around H3 (461.25).
Buy (L3 reversal)
If Price action is around L3 levels are not able to go below then look for Trend reversal candles. See the 1st Candle which touches the L3 levels Confirmation Candles close should CLOSE Higher than Previous Candle and its low should also be higher than L3 levels then enter BUY side around 458.95 with Target around H3 (461.25) and Stop Loss around L4 (457.8).
Sell (H3 Reversal)
If the Price action around H3 levels are not able to Go above then look for reversal candles, Confirmation candle HIGH should be less than H3 levels and its CLOSE should be less than Previous Candle CLOSE. Sell around H3 ie 461.25 with Target at L3 (458.95) and SL at H4 (462.4).
Sell (L4 Brealout)
If the prices fall below L4 level ie CLOSE is below 457.8 enter SELL position with Target around L5 (455.9) and SL (458.95)
AVANTI Feeds, Pivotal Points & the safe zone to buyNSE:AVANTIFEED Stock falling sharply. If we see Monthly/ Yearly Pivotal confluence zones, It is somewhere around 1050 Zone. BUt if we take Fibo levels, If stock bounces from 0.618 zone i.e 1450 area, Safe buy would be above 2350 as per AB=CD Fibo theory. Also see how stock found Resistance near Fibo Yearly Pivotal R1 zone.
Also 1 always gets the clue. In this scenario RSI was making Higher lows while stock was hitting Higher highs in monthly charts. There was your clue to book the profits or trail your stops (If you're holding in your portfolio).











