re: Day trading Nifty & Banknifty Futures
Nifty spot analysis.
Daily -
Trade area-
Last time it failed to sustain below
6150 so expect it to take supprt there.
1. So our first priority and trade is long for
a strong upmove or if it makes higher lows.
2. Second priority is to short on any weak
upmove.
3. Third scenario could be that it makes a
slow upmove we short it but it fails to
break 6150 swiftly in which case we will position
ourselves for possible higher lows and finally
breakout.
http://imageshack.com/a/img14/8470/ngip.png
30 min-
1. First scenario is long if any weak downmove is there testing 6180.
2. Second scenario is long on weak pb if it shows strength to up above fridays high on
monday morning .
3. third scenario is if it makes lower highs and test 6180 in which case we have again 2 scenarios-
a. wait for a strong momentum upmove and enter on any weak pb swing to down.
b. Breaks 6180 and sustains, short but trade it like scalp unless momentum is there.
http://imageshack.com/a/img835/5427/5rxz.png
Nifty spot analysis.
Daily -
Trade area-
Last time it failed to sustain below
6150 so expect it to take supprt there.
1. So our first priority and trade is long for
a strong upmove or if it makes higher lows.
2. Second priority is to short on any weak
upmove.
3. Third scenario could be that it makes a
slow upmove we short it but it fails to
break 6150 swiftly in which case we will position
ourselves for possible higher lows and finally
breakout.
http://imageshack.com/a/img14/8470/ngip.png
30 min-
1. First scenario is long if any weak downmove is there testing 6180.
2. Second scenario is long on weak pb if it shows strength to up above fridays high on
monday morning .
3. third scenario is if it makes lower highs and test 6180 in which case we have again 2 scenarios-
a. wait for a strong momentum upmove and enter on any weak pb swing to down.
b. Breaks 6180 and sustains, short but trade it like scalp unless momentum is there.
http://imageshack.com/a/img835/5427/5rxz.png