Range - 19520/19755
Extended range - 19433/19842
Nifty went far inside the channel in the last trading session but failed to hold & closed just below it in later 2nd half, overall forming a bullish harami pattern. That said, we need to see a confirmation candle today to confirm an upside directional move. Cannot be complacent with Nifty since it closed below the channel for the 2nd day.
Possible trade today -
Let market stabilise and short towards higher levels mentioned above, with strong stop levels maintaining a risk reward ratio of 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Extended range - 19433/19842
Nifty went far inside the channel in the last trading session but failed to hold & closed just below it in later 2nd half, overall forming a bullish harami pattern. That said, we need to see a confirmation candle today to confirm an upside directional move. Cannot be complacent with Nifty since it closed below the channel for the 2nd day.
Possible trade today -
Let market stabilise and short towards higher levels mentioned above, with strong stop levels maintaining a risk reward ratio of 1:2.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
עסקה סגורה: היעד הושג
Nifty took support at the bottom of given range and closed within it.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.