All this strategies are enough to be sucessful in trading, but the only thing a begineer trader lacks than a sucessful trader is psycology and the confidence.
Double bottom or W pattern has formed .These both are reversal patterns so nifty is expected to move up from here. We can wait for little retracement then buy. Disc:Only for educational purposes
Sideways to uptrend. Slowly and steadily market will go up today . it will skow some corrections but real trend will be uptrend. Avoid sell side trade. Disc: only for educational purpose.
(Siseways to uptrend if opens huge gapdown) as per SGXNIFTY market is about to open huge gapdown, if it does so then we will follow our first plan if SGXNIFTY reverses and opens slight gapdown then only sideways . we can short both OTM ( CE and PE ).
Market will open gapdown then it can take support around 16550-16500 then it will go up after that whenever it will face resistance at higher level it might create 'M' pattern , consolidate and then fall down
If vix is 10% up or 10% down then option seller please sit tight with hand folded, control your emotion because you can't predict the momentum of option price. Even when vix is down more than 10% it doesn't looses it's premium further.
market will open huge gapup(around 16500) and go up first till it faces resistance at higher level and then it will start selling till 16400 then it can consolidate around it
Market will open huge gapdown if market opens between 16850-16900 then it will take resistance around 16920-16950 and then selling starts till around 16750 if market opens below 16850 then resistance will be 16850-16900 then selling will start till around 16750 then market will consolidate around 16750 and then it can...
market will open gap up and will come down . Whenever it will hit support it will show up move but only to trap buyers(can take resistance near day high or 17240-17265 ) then it will continue selling (can show sideways move) .Everyone will think it has taken support it might go up then it will actually come down. Disc: Only for educational purpose.
hope tom. we can see huge momentum on either side as it is consolidating from last two days . (Ready for exp. day move.)
The day before yesterday it showed good momentum and yesterday it took a pause an It has closed above round number and also triange pattern is formed . We can trade after breakout.