Market is consolidating for past two days
Nifty has formation near Completion
Though it took out my stops on previous trade, we got another chance to enter at more better spot with .
While I am posting this its forming , enter this trade after the current candle closes in mode
We are targeting around 7900's (300 points) , so 100 -150 point stops ( 8300;s) won't do much damage.
But if you are very conservative trader, Please dont risk.
My opinion is - Policy Rate Unchanged ( Market falls) - Higher chances
If Policy rate cut - Market veers off to higher highs.
Lets see what RBI Governor has in mind @11...
That's why every trader should be really patient & dont change anything after fixing their stops and targets.
Always follow your plan it will be rewarded for sure ! Happy Trading !