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NIFTY TRADE SETUP FOR TUESDAYAs i have told i will sell on the rise on condition. As per my support and resistance, i am getting a level of 11553 but there is dynamic trade line resistance near 11570. i have taken both the position first sell 11700 ce at 11553 and again 11700 ce at 11570 with stop loss 11605. Miss the reverse trend . now for tomorrow i will again follow the same strategy. Level I have given on the chart . there is a clear sell position below 11450 and buy above 11600. A safe trader can consider these levels only.
NSE:NIFTYShort
by ASHWINIKUMAR2101
2
NIFTY TRADE SETUP FOR EXPIRY DAYor example, if nifty break 11305 ...and sustain buy 11300 CE. as options data suggest we have very less possibility to break 11170. and nifty might open above the Range. if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only. MY possible setup. 1 flat opening sell 11350 ce and 11150 pe 2. Gap up opening . will wait nifty to observe profit booking and buy 11300 ce and sell 11400 ce. 3 . gap down if gap down below the range then i will short with full quantity .
NSE:NIFTY
by ASHWINIKUMAR2101
NIFTY TRADE SETUP FOR TUESDAYsome people ask me how do we know that it's going to break the support or resisitance . frankly told you no one in this world knows. we all do work on probability. technicals give you a view of the mass psychology. best way is whenever the market approach your resistance or support sell the nearest call and put .and hedge the position to buy call or put . in this way your profit will be less but you will never lose the money. now tomorrow there is a chance market will be trading in a range . options call and put writing is on 11400 - 11200 . try to make different set up for the different market. you should have minimum two setups. 1 for a trending market 2. for range-bound market you can discuss with me any time. please Like and share. Thanks
NSE:NIFTY
by ASHWINIKUMAR2101
1
NIFTY TRADE SETUP FOR TUESDAYNIFTY TRADE SETUP Nifty has given us very easy money today. this kind of setup we get once in month . Tommrow if market opens above 11260 and sustain we can go long with for target 11300 , 11340 , 11380. if Market opens gap down below 11777 ... we will be on shorter side. if market open flat then we can see a range bound market. if market is range bound then i will sell option .mark swing high and low .on high sell call and on low sell put. As i told earlier Market has 3 possibility only 1. going up. 2. going down 3.Range bound Be ready for all three possibility .
NSE:NIFTY
by ASHWINIKUMAR2101
NIFTY TRADE SETUP FOR MONDAYNIFTY TRADE SETUP FOR MONDAY Although nifty recovery around 250 points from the low in a single trading day but the market is still bearish. if market opens above 11080 and sustain then we can initiate long for day trading. But in that scenario, I prefer to sell the put options with 11040 stop loss. . the market can be range-bound between 11110- 11180. once the market cross 11180 then we can see 11230, 11250. on the other hand, if the market opens negative and sustains below 11020 we will initiate short. for the target 10960,10902. This is not a trade call. all views are for educational and discussion purpose only.
NSE:NIFTY
by ASHWINIKUMAR2101
NIFTY TRADE SETUP FOR FRIDAYTomorrow I will follow the same strategy. Mark 30 min high and low. on high sell CE and on low Sell PE. on range break exit the respective position and carry the other position. the market has only three possibility 1. going up 2. going down 3. range-bound As an option Trader, we have to position ourselves for all three possibilities. we might not make extraordinary money but one thing is sure we will not lose the money. Keep trading and keep making money.
NSE:NIFTY
by ASHWINIKUMAR2101