NIFTY 31/07/23
Here are the levels for nifty to trade for tomorrow intraday and mark these levels on the chart. on weekly TF price closed on a bearish candle. on daily TF price a in decision candle.
If the price open gap up then we can take the long side entry only above the yellow zone as because the people who sold their position will close so the price might a upside.
if the price open flat and take resistance form the yellow zone then we can take short entry below the 0.382 fib level and if the price break down the 0.618 fib level then we can take the short side entry on the retest with the volumes confirmation and after retest let the candle close below the 20DEMA which will be acting as the strong support from there price can move upside as well.
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 the price open gap up then we can take the long side entry only above the yellow zone as because the people who sold their position will close so the price might a upside.
if the price open flat and take resistance form the yellow zone then we can take short entry below the 0.382 fib level and if the price break down the 0.618 fib level then we can take the short side entry on the retest with the volumes confirmation and after retest let the candle close below the 20DEMA which will be acting as the strong support from there price can move upside as well.
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.
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