Pivotresistance
Nifty Trading Plan - 28the JuneSummary
l HTF is again in a make or break zone. DTF has a "Hammer" candle hence, probability of breakouts is high.
l 15901 is a critical level and if breakout fails again, we may see bearishness to test support again.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Pivot analysis infers MILD-TRENDING bias and expect big move if market sustains above 15901.
l Support levels 15833/15795
l Resistance levels 15901.
l Stay out and watch unless you are breakout trader.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15830 is long with stop of 15805 and target of 15885.
2. Any bullish PA above 15877 is a quick scalp with stop of 15857and target of 15900.
3. Aggressive long above 15915 with stop at 15891 and target of 15969.
4. Any bearish PA below 15817 is short with stop of 15847 and target of 15765.
5. Aggressive short below 15767 is short with stop of 15795 and target of 15726.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana
Nifty Trading plan - 23rd JuneSummary
l HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
l Pivot analysis infers neutral bias, so direction is difficult to judge. Hence, opening print will confirm direction.
l Support levels 15700/15660.
l Resistance levels 15900/15850.
l Wait till market confirms direction and the take trade.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive rejection
l PPT.
l Evening star.
l RCR
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15815 is a long with stop of 15787 and target of 15860.
2. Any bullish PA above 15720 is a long with stop of 15692 and target of 15778.
3. Aggressive long above 15900 with stop at 15870 and target of 15960.
4. Any bearish PA below 15800 is a short with stop of 15828 and target of 15748.
5. Any bearish PA below 15710 is a short with stop of 15743 and target of 15672.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Mockingbanana
Nifty Trading Plan- 16th June*******************************************************************
NIFTY SPOT- Blue Print for 16 -Jun-2021
*******************************************************************
Market Structure/Trend Analysis/Chart Pattern.
l Chart Pattern - Higher High structure
l DTF Pivot Trend - Higher High Structure
l WTF Pivot Trend - Higher High Structure
l MTF Pivot trend - Higher High Structure
l DTF Price Action - Doji
Daily Pivots Analysis.
l Weekly Pivot - Higher value Relationship - Trending day
l Daily Pivot - Higher value Relationship - Trending day
l Pivot Width Analysis - Trending day - 0.13
l Average Daily range - Trending day - 59.20
l GPZ - Weekly GPZ
Key levels.
l PDH/PDL - Done.
l PD Turning Points - None
l PD Supply and Demand Zone (1HR TF) - Done
l Swing High/Low - Done
l Gaps - Done
l Virgin CPR - Done
Summary
l HTF trend is still bullish but, there is a DOJI again which means, will need confirmation on Wednesday for direction. So, wait and watch before taking trade.
l Pivot analysis infers bearish bias and will be a very high probable trending day. If nifty sees resistance at CPR then, there will be very high chances of market breaking trend and again forming lower high structure. Watch out for 15800/15770 levels for support and 15900 for key resistance zone.
VERDICT
WAIT & Watch to infer direction. Market will SUPER TREND . I am BEARISH currently but, market open above CPR my view will be bullish and will be buy at dips market. direction can be confirmed from opening print. I want to highlight fear is extremely high in market and any bad news can shake confidence and market can fall.
My suggestion take trades at confluence or HTF support and resistance zones. Keep ur position size small.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive
l PPT.
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA at 15810 levels is a long with stop of 15791 and target of 15850.
2. Any bullish PA at 15875 is long with stop of 15856 and target of 15930.
3. Aggressive longs above 15900 only with stop of 15890 and target of 15950.
4. Any bearish PA below 15870 is a short with stop of 15890 and target of 15830
5. Aggressive shorts below 15812 with stop of 15838 and target of 15776 .
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@SacredMonkey