NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

1 ott 2020

INDEX SUMMARY

-SGX NIFTY IS INDICATING A 100 POINT GAP-UP
-IF INDEX DO GAP-UP WE ARE DONE WTH OUR POSITIONAL LONG TRADE IN NIFTY INDEX
-IF WE MAP THE FALL FROM 11599-10800 61.8% RETRACEMENT COMES IN AT 11294
-IT IS THE LEVEL WE FOUND RESITANCE YESTERDAY
-IT IS ALSO THE AREA WERE ON HOURLY CHART THE 200-EMA IS PLACED
-AS DISCUSSED CRUCIAL SUPPORT FOR MARKET IS 11240 AND RESISTANCE IS 11355
-WE MIGHT GAP-UP TODAY AND OPEN ABOVE 11355
-IF THAT HAPPENS I AM NOT WILLING TO TAKE FRESH LONGS UNTIL WE SEE A GOOD DIP TOWARDS 200-EMA ON HOURLY CHART
-A GOOD BUY AREA IS AROUND 11300-11310
-EXPECT RESISTANCE AT 11400-11425
-USA STIMULUS PACKAGE OPTIMISM HAS ADDED FUEL TO THIS RALLY
-INDEX AS DISCUSSED YESTERDAY FOUND RESISTANCE @11290 WHICH SHALL TODAY IN TURN BECOME SUPPORT TODAY
-CRUCIAL SUPPORT @11290
-CRUCIAL RESISTANCE @11395
-WAIT FOR DASH LEVELS TO SCALP TRADE



SCALP TRADE WITH DASH LEVELS

BULL SCENARIO
-IF MARKET CROSSES ABOVE 11395

NIFTY FUTURES TRADE
BUY@11398
STOP@11268
TARGET@11428
QTY=300


BEAR SCENARIO
-IF INDEX FALLS BELOW 11290

NIFTY FUTURES TRADE
SHORT@11288
STOP@11308
TARGET@11258
QTY=300


RESISTANCE FOR THE DAY (FUT)
11270-11318-11355
SUPPORT FOR THE DAY (FUT)
11190-11155-11120

SCREENSHOT


NIFTY FUTURES POSITIONAL LONG TRADE LINK

!!PLEASE NOTE THE ABOVE INFORMATION IS FOR KNOWLEDGE ONLY!!
!!TRADE ACCORDING TO YOUR RISK PROFILE!!
!!HAPPY TRADING!!
!!PLEASE LEAVE LIKE!!
!!FEEL FREE TO CLEAR DOUBT IN THE COMMENT SECTION!!

1 ott 2020

Trade chiuso: obiettivo raggiunto

scalp trade with dash levels
113398-11428=30 points
30*300=9k profits