NIFTY1! trade ideas
DayTrading Nifty-Sold Below 23050,Bought Above Day high 27th MayBelow mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in nifty before 10
-Sold Below 23050,Bought Above Day high!
-How will i trade when market opens tom
Flying Index, Strolling Future!Nifty FUT does not seem keen to move up and that is a little worrisome. We are at striking distance to ATH but the timing is not to brilliant. Election results are still a couple of weeks away. We could move up a little and then retrace to consolidate near the 50% mark. This looks like a logical scenario. But informed institutions could take big positions and that could go against any narrative. Will trade only after watching for a while.
Nifty special session Sat live.Don't see any major movement happening on Nify special live session on this saturday.
Lack of volumes are telling, there is huge difference between daily average and today's volume.
We will likely travel in the initial balance area of today and close to yesterday's POC.
Opening in the Bear's den. Nifty is all posed to open in the Bear's den. The higher probability is a few up ticks and then bears overporwer the bulls and sell aggressively. But if the bulls are aggressive enough and fresh buying comes in, there will be an epic short covering rally. Be prepared to trade. Could be a happening expiry.