Nifty - Trade Intraday

[paras_123]

6070 is a support for Futures today,
once breached look for selling opportunity

Breach of 6026 is a reversal on a downside with higher possible targets

Consolidation could be seen around 6036 levels, as we have seen single prints formed yesterday from that point. If not breached, upside could be till level 6125 - 6130

 

[paras_123]

6111 hit, stay out as long Nifty does not trade above it for a session.

 

[paras_123]

SBIN gives a good opportunity
6165 and 6168 is a good buying opportunity if we go higher than that.
Test of 6180 and 6200 could be seen.

A small points profits of 10 can be booked, in case and if we violate and trade above it 6168...

CHEERS

 

[paras_123]

short build at 6070 can add shorts to their position once 6050 is violated in Futures

 

[paras_123]

profits should be taken as arise.
6042, wait n watch

 

[paras_123]

Graph, it was never trending.... Channel breakout at 6066 - 6080... Upside momentum till 6127, nothing but Retracement

last trade taken as Short at 6125 and covered at 6091 futures.

Cheers!

 

[paras_123]

6070 is a support for Futures today,
once breached look for selling opportunity

Breach of 6026 is a reversal on a downside with higher possible targets

Consolidation could be seen around 6036 levels, as we have seen single prints formed yesterday from that point. If not breached, upside could be till level 6125 - 6130

Target Achieved.

 

[mskceg]

Hi Paras,

It is good that you are sharing your trades here. It looks like the nifty is going to form HS reversal. What is your opinion?

Cheers!
Senthil.

 

[paras_123]

Hey Senthil,

Thank you Sir! , Didn't see such pattern. Ill look into it and confirm the same. Job is to identify 12 out of 20 trading days and make the most of it.

Warm Regards,
Paras

 

[timepass]

Hi Paras,

It is good that you are sharing your trades here. It looks like the nifty is going to form HS reversal. What is your opinion?

Cheers!
Senthil.

Hello Senthil, is this what you are talking about ?? If so, then the right shoulder is yet to form. Too early to call.