NIFTY 24/07/23
Here are the levels for nifty to trade for tomorrow intraday and mark these levels on the chart.
on weekly TF we can see the shooting star price getting rejected from the 20000 level and the on the daily TF we can see RSI divergence.
if the price open flat or gap down and broke the 0.5 fib level then we can take the short trade with the volumes confirmation, on the retest. and take the target at 0.618 fib level, if even if that level is broken then we can see the further fall.
if the price open gap up above the 19820 level and on candle close we can take the long entry with the half quantity and if the price breaks the previous day high then we can take the long side entry with the volumes confirmation remaining quantity and this is the high probability trade as there gap to fill.
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.
on weekly TF we can see the shooting star price getting rejected from the 20000 level and the on the daily TF we can see RSI divergence.
if the price open flat or gap down and broke the 0.5 fib level then we can take the short trade with the volumes confirmation, on the retest. and take the target at 0.618 fib level, if even if that level is broken then we can see the further fall.
if the price open gap up above the 19820 level and on candle close we can take the long entry with the half quantity and if the price breaks the previous day high then we can take the long side entry with the volumes confirmation remaining quantity and this is the high probability trade as there gap to fill.
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.
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.