NIFTY Futures Trading Plan Week-09 Feb
Trading Idea
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower.
#nifty #nse #trading #sensex
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower.
#nifty #nse #trading #sensex
Note
Nifty Futures: NIFTY Futures we had marked that 7300-10 is a base and a downside target. This got tested and markets almost closed around this zones. This zone will continue to be the swing trend decider. While for the short positions swing hurdle now remains at 7360-70 zones.downside targets first can be of course the lows made this year near 7250 zones. If that level breaks we are on course to test 7130 odd levels. Key though will be to watch out the price action around 7250 and wait for pull backs rather to take short positions with the swing resistance as the stop. In fact a test of lows can provide a low risk nimble long opportunity for a day trading play.I maintain a mix of both kind of positions with each having a different stops and targets.
#nifty #nse #trading #sensex
Trade closed manually
Trading IdeaNifty Futures: NIFTY Futures we had mentioned yesterday that 7250 is the trend decider zones and it will be important to watch out for the price action around that zone. we also discussed that there could be some nimble trading opporutnity around that space. yesterday was pretty much that where there was some short bursts of trading opportunity without much change in the swing positions. The fact that markets bounced back and closed near 7250 and that we have SBI results today. The results hold more significance from a broader market perspective as it is around a crucial market fulcrum and can influence to have a decisive move in either direction. Also their outlook will be a good benchmark for things to look up for the banking sector in general and the PSU's in particular. In summary ideally book your shorts here and wait for a decisive hourly or daily close on either side of the 7250-30 band and take fresh swing positions
#nifty #nse #trading #sensex
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.