Morning All,
Upper breakout - 6093.55, TGT - 6113.35, SL - 6044.80
Lower breakout - 6033.75, TGT - 6014.15, SL - 6082
My View:
Looking at the India VIX currently, it looks like we may see a sharp downmove today.
So, the chances of lower breakout seems to be more than the upper one.
Its better to wait patiently for either of the breakouts to sustain before executing any trades.
I had posted in one of my earlier thread to avoid this breakout strategy if either of the levels are not sustained before 2PM. So kindly adhere to it.
Happy Trading!
Upper breakout - 6093.55, TGT - 6113.35, SL - 6044.80
Lower breakout - 6033.75, TGT - 6014.15, SL - 6082
My View:
Looking at the India VIX currently, it looks like we may see a sharp downmove today.
So, the chances of lower breakout seems to be more than the upper one.
Its better to wait patiently for either of the breakouts to sustain before executing any trades.
I had posted in one of my earlier thread to avoid this breakout strategy if either of the levels are not sustained before 2PM. So kindly adhere to it.
Happy Trading!