Nifty 50
Yesterday Nifty 50 can easily manage to surpass 7900, but there is so much selling pressure around 7850 -7860 spot level.
Now , how can I trade today. Short or Long?......
Since market shown some resistance wall around 7860. my plan is looking to SHORT the market.
Predetermined point to short in future level will be around 7895 -7905. (As per Daily PM Table). stop at 7945.
If Market opens gap down - I will watch the levels of 7866 to enter short. If I am not able to get 7866, I may look around 7846 -7850 - (Pivot levels). Don't sell below this level in the Power Play Hours. 9-11 am. If I enter around the above point the stop will be 7905.
Nifty Bank - Bank Nifty.
Predetermined point for short - 17367- 17394 stop at 17503.
If Bank Nifty opens gap down - watch level - 17240- 17300. to enter short. below 17178 is not a good selling point in the Power Play hours. If I enter around the above point the stop is 17404.
Happy Trading Zen Way...
Yesterday Nifty 50 can easily manage to surpass 7900, but there is so much selling pressure around 7850 -7860 spot level.
Now , how can I trade today. Short or Long?......
Since market shown some resistance wall around 7860. my plan is looking to SHORT the market.
Predetermined point to short in future level will be around 7895 -7905. (As per Daily PM Table). stop at 7945.
If Market opens gap down - I will watch the levels of 7866 to enter short. If I am not able to get 7866, I may look around 7846 -7850 - (Pivot levels). Don't sell below this level in the Power Play Hours. 9-11 am. If I enter around the above point the stop will be 7905.
Nifty Bank - Bank Nifty.
Predetermined point for short - 17367- 17394 stop at 17503.
If Bank Nifty opens gap down - watch level - 17240- 17300. to enter short. below 17178 is not a good selling point in the Power Play hours. If I enter around the above point the stop is 17404.
Happy Trading Zen Way...
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