There will 3 kind of scenario in the market .1. Gap up2. Gap down 3. normal .L ets discuss all three scenario in detail and set a trade plan accordingly . 1} Gap up :- If nifty opens above 14575 or 14650 . then we will look for buy on dip till market sustain above 14450 . 2 } gap down opening :- if nifty opens below 14450 .then we will look for Sell on rise till...
Tomorrow again I will 2 setup 1. if nifty opens above 14650 , in that case I will look for buy on dip till nifty sustain above 14500 , reattempt to buy around 14400 .
2 if nifty opens below 14400 then will look for sell on rise till nifty sustain below 14570 .level mention on chart.
Sell on rise and buy on dip till market stuck between 14750 - 14920 . you can also sell call option on rise and sell put option around 14786 .confirm short below 14750 and long above 14920.
scalping level mention on Chart.
Today we had Trade in both direction.
I am trying to catch nifty on top and bottom.
in a range bound market like today it is very easy
to mark top and bottom .
There is fair amount of risk as we
trade against the short term trend , but again
reward is very good.
Tomorrow 15050 will be our pivot point . above 15050 we will be look for buy and below 15050
35450 -34890 is nifty Range .
aggressive buyer can long above 35450 ...
for a target 35580 , 35600 . 35700.
safe trader can long above 35700.
we can initiate short below 35000 .
for target 34900 ,34700
Level mention on chart.
1. GAP UP OPENING :- if nifty opens Gap up above
then we will be bullish till nifty sustain
above 14980 - 14960.
in that scenario buy nifty above 15080 .
or buy on dip between 14960 - 14930.
2. GAP DOWN OPENING ;- if nifty opens below 14930 ,
then we sell nifty till nifty sustain below 15030.
3. NORMAL OPENING ;- if nifty opens between