NIFTY INDEX PRICE ACTION EXPECTED FOR THE DAY

29 wrz 2020

INDEX SUMMARY

-THREE TARGET IN POSITIONAL INDEX FUTURES TRADE HAVE BEEN HIT
-AS EXPECTECD WE GOT TO OUR EXPECTED LEVELS SOONER THAN WE HAD THOUGHT
-BUT THAT IS JUST THE WAY MARKET WORKS IT DOES NOT MATTER HOW FAST THE MARKET IS OR SLOW
-I STARTED A NEW SEGMENT SCALP TRADE WITH DASH LEVELS WHICH WORKED PERFECTLY FOR BANKNIFTY AND NIFTY INDEX LEVELS YESTERDAY
-A QUICK INTRADAY SCALP OF 35 POINTS ON THE NIFTY INDEX
-COMING BACK TO THE MARKETS LET BE PRATICAL AND GO BY THE LEVELS
-WE HAVE TWO GAPS
-PRICE ACTION OF THOSE GAP SUGGEST HIGH-HIGH AND HIGHER-LOW FORMATION FOR PAST TWO DAYS
-IF MARKET DOES IT AGAIN TODAY THEN ITS "A BREAK-AWAY GAP"
-WE EXACTLY CLOSED NEAR THE CRUCIAL RESISTANCE LEVEL GIVEN @11240
-NOW IF INDEX STARTS TO TRADE ABOVE 11270 WE WILL HAVE A DASH TRADE AGAIN
-WHAT IS THE GLOBAL MARKETS INDICATING?
-USA MARKETS ARE TRYING TO CAPTURE AND TRADE ABOVE THEIR 20-EMA AND BY THE LOOKS OVERNIGHT THEY ARE DOING IT
-WE ARE ALSO VERY CLOSE TO OUR 20-EMA AND WE NEED TO SUSTAIN ABOVE IT TO BRING A CHANGE IN SENTIMENT FOR THE MARKET
-I EXPECT HEAVY RESISTANCE IN THE ZONE OF 11295-11300/11318-11322/11360
-IF MARKET TAKES OUT 11360 WE WILL SEE A DASH AGAIN
-DON'T OVER DUE THE TRADE BOOK PROFITS AT INTERVALS
-WE HAVE ALREADY MADE 300 POINTS ON THE INDEX SINCE TAKING THE TRADE
-INDEX OPTION TRADE WE ARE IN PROFITS OF MARKET THAN 100++ POINTS
-SO AVOID FRESH LONGS TOMORROW MORNING UNLESS DASH LEVELS ARE TRIGGERED

SCALP TRADE WITH DASH LEVELS

BULL SCENARIO
-IF MARKET CROSSES ABOVE 11270

NIFTY FUTURES TRADE
BUY@11272
STOP@11242
TARGET@11298-11302
QTY=300

-IF MARKET CROSSES ABOVE 11320

NIFTY FUTURES TRADE
BUY@11320-323
STOP@11293
TARGET@11353
QTY=300

BEAR SCENARIO

-IF INDEX FALLS BELOW 11220

NIFTY FUTURES TRADE
SHORT@11220
STOP@11245
TARGET@11190
QTY=300


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

SCREENSHOT



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

29 wrz 2020

Transakcja zamknięta: osiągnięto wyznaczony cel

1st TARGET HIT
DASH TRADE NIFTY FUTURES