NIFTY Outlook for June 22-27! Expiry week volatility
Trade box in yellow
Area to initiate trade is 10300 levels.
For the short side i will initiate intraday trade at open, hoping to ride the profit booking wave with IMMEDIATE SL 10350. Upon breaching that i will switch to the long side for TARGET 10800 by expiry, which is improbable but possible with positive news and fund flow.
Please note that taking trades near trendlines and with technical logic is safer, so the levels i will consider are given on the chart.
Area to initiate trade is 10300 levels.
For the short side i will initiate intraday trade at open, hoping to ride the profit booking wave with IMMEDIATE SL 10350. Upon breaching that i will switch to the long side for TARGET 10800 by expiry, which is improbable but possible with positive news and fund flow.
Please note that taking trades near trendlines and with technical logic is safer, so the levels i will consider are given on the chart.
Trade active:
Wait for break of trendline
Trade active:
Patience, volatility yet to come. Wait for trigger on both sides. Orders placed as per inside bar
Trade closed: target reached:
Hold for second Target
Trade closed: target reached:
SECOND TGT ACHIEVED.
Market is rewarding the patient longs
Market is rewarding the patient longs
