HOW TO TRADE #NIFTY ON Wednesday
Though market (Nifty) seems BULLISH but market will definitely retest 15734 within these week (+- 10 pts).
Market closed @ 15814
Keep in mind Price Action & take trade.
Always trail your SL to get bigger profits.
Though market bullish however facing a lot of difficulties to go up.
If market open above today high (15846) then wait for PA atleast for 5-10 minutes & then take position. Next target would be 15899.
If market open below Todays high then wait to PA again: If market breaks todays high then take fresh position else we can...
Conclusion : If market open above 15729 remain flat then market will retest 15729 again & sustain then it will go for uptrend move (High Probability)
If market breaks 15777 then for sure it will test 15831 which is our level & So on.
Over all 60%-70% trending
Note : Take any trade after consulting your FA.
My Views is BULLISH now :-)
If Bank nifty support tomorrow then we will see new high else again RANGEBOUND DAY
1: 15732.90 (Strong Support)
2: Candles forming within the Trendline, We can see upward movement by tomorrow or day after.
3: Start with Small quantity & keep Pyramiding.
Stay safe & happy Trading :-)
I Will not Trade Until market breaks PDH or PDL.
My Target remain same as discussed previously.
Always have Plan "B" if Plan "A" fails.
All post are only for Education purpose. Take your own trade after doing your analysis.
No Trade zone (15554 - 15607)
Level revised as 2 out 3 hit today itself.
Level 1: 15678
Level 2 : 15831
Level 3 : 15980
If Nifty breaks Trendline then it will come down to RETEST ZONE, 15508.7
As we know from tomorrow we are getting little wavier on Lockdown restriction as well as listening good news So probably market will go up.
I strongly believe Monday(17 May,2021) we can see uptrend move.
1- Trendline indicates.
2- Good local/GL news.
Note: Take any trade after doing your research analysis. Make trend your friend then only you will be able to earn daily/weekly basis from market else one day you will loose your capital.
Only for education purpose.
Market View for 14 May, 2021
Uptrend Move : Cross above 32658 : Target 32788 / 32920
Downtrend Move : Cross below 32379 : 32194 / 32012.
Note: Again we can see trending day on Friday (14 May,2021), Nifty & Bank Nifty can fall further to Downside if we don't see any good news coming.