NIFTY
NIFTY1!
Nifty50 Index Detail Strategy for the day (18-07-2022)
Scenario 1 :
if market opens above 16150 wait for a pull back upto16120 range and enter long trade for upside targets with strict stop loss below 16090 as trend may reverse very fast on downside below 16090
Scenario 2:
If market opens below 16125 then wait for market to cross 16125 to enter with strict stop loss of 16090
Scenario 3 :
If market opens close to or around 16200 (SELLERS ZONE) area then we will short the markets on a weak 5 min bar with given SL above sellers zone with a downward Target of 16130-16120 range
Scenario 4 :
If market opens below 16090 due to any reason avoid any trading till push down to Buyers zone where we will analyze the market for our contra entry.
Overall Conclusion :
- Overall we should be focusing on Bullish sentiment after looking at overnight world markets on Friday (15-07-2022)
As the Markets going to open on Higher side as per Overnight status of SGX Nifty. Levels on chart has been planned accordingly.
Nifty has also entered minor bullish phase after Fridays (15-07-2022) rise from lower levels which was expected
Do Comment , share and "LIKE" if you find this info valuable to use . Believe me it takes lot of time to visualize the market before the opening bell :)
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Trade active:
Keep Tight Stop losses at place . if triggers markets will rally up very fast on upside due to immense short coverings
Trade closed manually:
Better to exit now @ 16218 with loss of 20-25 points . market is consolidating with bullish bias and any upside will result in heavy bear trap :) . If you want to stay then follow Stop given on chart .
