NIFTY TRADE SETUP FOR WEDNESDAYNifty Trae set up
After 2 days directional movement we can see a range-bound market before expiry.
I will rather sell the option tomorrow than buy it.
level I have marked.
simple I will mark 30 min range .om high side will sell call and the lower side will sell PE. keep both positions intact until range break.
Keep an eye on Bank nifty. if it trades below the 21000 marks then it will drag nifty also.
Scalping
NIFTY TRADE SET UP FOR FRIDAYNIFTY trade setup.
1.if the market opens flat - then i will be on the positive side and look for a buying opportunity.
2. Gap Up - if the market opens Gap up i will be marked 15-minute swing low and look for buy.
3. gap down:- if the market gap down then i will mark 30 min high of the market and from there we will sell ce option.
gerally after a huge gap up or gap down market trade-in range . in that scenario just mark 30 min low and high.
on the low side sell a put option and on the high side sell a call option. if range breaks exit from respective side and carries on with one trade.
NIFTY EXPIRY DAY TRADENIFTY EXPIRY DAY TRADE
the nifty range would be 11100 - 11400. I will look for sell on rising till the market sustains below 11350. i personally do scalping both the side. like today we made money although if i could stay longer we could have made more money. but nevertheless, its good to make a small profit then losing the money.
strategy
1.i have a trend line according to which i plan my trade and keep support and resistance in mind. tomorrow is market expiry so the market will give momentum both the side.
2. if the market opens the gap down below the trendline and does not break the first 5 min candle high will continue on the sell-side till 11183 with trail stop loss. if the market breaks 11183 and reaches 11150- 11108, will sell the put option.
3. if the market opens gap up but will not cross 11350 will sell 11400 ce with 30 point sl.
4.if market keeps trading in a range ...will mark high and low of the range and sell both ce and pe option. whichever side the market will move to carry the opposite position.
tomorrow is the bank hearing so bank nifty would be volatile ..keep watch on bank nifty as well.
NIFTY TRADE SETUP FOR WEADNESSDAYNIFTY TRADE SETUP
Tomorrow I will look for sale on the rise till the market sustains below 11380 if cross 11380 will sell again 11425-11440 with only 20 point stop loss.
(only in the first half )
on the lower side, I will sell below 11290. Be cautious around 11250 and continue short if sustain below 11250.
this is my view not trade recommendation.
Posible movement on USD/CADIf we get to clear that "C" area marked up on the chart, we can expect the price to go short a few pips till ADR is maxed out
But, if that does not happen, we have to prepare to look for some bullish move because that what the TDI is still telling us from yesterday session
Remember that the 200 EMA is a big reaction point for the price
A good exit point will be the TL (safest), ADR maxed out or the 800 ema
What to expect from GBP/NZD for today Price bounced back from that 200 ema and found some bottom @1.982XX creating some bullish divergence as we can see on the TDI.
If the price gets to break the 200 ema instead of bounce again, we can expect te price to keep moving up
800ema is a good point to go BE
ADR maxed out and the TL are good exit points
Remember this advice will be useful for you if you are a Scalper
TIP of the day: do not sit down and start following the price until something happens, get your scenario ready and set some alarms for the price