Nifty - Trade Intraday

[paras_123]

no position after 60.
square off here and go long with 57 as Sl.

 

[paras_123]

could be cumbersome if we enter in a zone 60 to 44.
or take no position
closing below 44 would be weak sign for today

 

[paras_123]

I am not expecting continuation of bull run if at all logic of previous trend in such scenario continues to follow.
Reversal is possible even at this point in time.
Wait and watch, Let it cut 5400 for further continuation of bull run, else sell if 5300 is cut......
M Doubtful for the move of market.
Wait N Watch Scenario for this time........

 

[paras_123]

for today 5412 and 5425 are resistance if at all we breach 5402.
Downside to levels of 5360, 5350, 5338 and 5315,

If at 5400 is not cut, expect a inside day with a target of 5350 and then 5343.

 

[paras_123]

5425 hit,

Sell tomorrow in the morning with a target of 5414 to 5417

We may open in a range of 5435-5445. Sell only if we cut 5440 in the morning, T1 would be 5426-33, T2 would be 5414-5417...... Selling is good idea for the morning (first half time frame of a day trade).

Reason - High Swing Resistance, Consolidation Phase, E O D pattern for Nifty

Test for bulls for next phase on a continuation of bull run would be 5480

Probability of either going up or going down can never be zero. So better to have a view on both sides of trade,

 

[paras_123]

5415 previous close along with other indicators is on the cards, so as 5358 levels to watch out....
Bearish opening ----- pull back is possible till 5415 5423 ,,, trading abobe 5423 is good
expected range is 5415 - 5358

 

[Shruti_SS]

Hi Paras,

I want to learn your technical analysis.

 

[Quarnerttag]

It is remarkable, it is the amusing answer

 

[paras_123]

Hi,

It is a simple trading methods.
The reason behind is simple - Study in markets for atleast 2 years under guidance of ur mentor.

Again u wont be speakng exact points on forums but a picture near to it.

I dont think it is remarkable but to some extent, patience, experience and commitment.

Cheers!
Paras

 

[paras_123]

Sell Nifty here, 5754-60,,, hopefully we may test 5718.95.....
Upside move only above 69 . t1 80