Here are the levels for nifty to trade nifty for tomorrow intraday. If you open weekly chart the price broke down the 20EMA last week and now the price retesting it. on daily TF the price seems bullish and it is near the 20EMA. on 1Hr TF price made double bottom pattern , and price may or may not break. as on 15min TF we can seen yesterday price moved up and it need some pullback on the smaller TF near to 17750 level, then we can see nice a up move. remember on daily TF up move can be pullback.
if price opened flat or gap down price need some pullback to 17750 level and if we see any reversal candle we can enter a long trade, and if it is able to break the 1st feb high or the neckline of the double bottom pattern we can see upside move. and if the price did not take any pullback to 17750 level and break the 1st feb high i am not intersted to take any long positions and from there market can reverse any time. and also plot the 20ema on daily TF keep an eye on it before going long.
for short trades if price open gap up and then makes any reversal candle near the near the neckline of the pattern then we can go short here ,we need to book the target at 17750 level. if it breaks again then we can see good fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if price opened flat or gap down price need some pullback to 17750 level and if we see any reversal candle we can enter a long trade, and if it is able to break the 1st feb high or the neckline of the double bottom pattern we can see upside move. and if the price did not take any pullback to 17750 level and break the 1st feb high i am not intersted to take any long positions and from there market can reverse any time. and also plot the 20ema on daily TF keep an eye on it before going long.
for short trades if price open gap up and then makes any reversal candle near the near the neckline of the pattern then we can go short here ,we need to book the target at 17750 level. if it breaks again then we can see good fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.