Trading Nifty by Levels

vikrit

Well-Known Member
whenever get time plz write ur trading strategy in brief
calculate these levels in morning with last 2 days major S&R's level and opening 25 min data (sometimes 30-40 depends whether market is rangebound, sideways or trending) so able to trade only after 9:40.

then take buy if candle open & going up direction above nearby level and vice versa, also trade acc. candlestick patterns nearby levels. And if at any level like today 4720, if mkt go sideways then consider that level too.

normally once break a level it go up/down to another. dont know the reason but it worked max time for me. sometimes SL hits, SL is 3pt+level after closing of candle or 6pt+level whichever first. as now my short is near SL of 4751 (on close)/4754
 

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