NIfty Levels

By rakeshreddym
Uppdaterad
Nifty Levels it is trading in range of 19600 to 19400.

Important levels to act for trading on Monday are19600 ,19500,19400 these area are turning points wait for the levels to test with Price action go for trade, other areas leave it let it play out only react on tunrning points where most people are active .
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Gaps up and if sustains above 19600 look for long options with price action
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snapshot
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NIfty brole above 19600 levels wait for retest of 19600 if sustainc can long here fails short snapshot
Handel aktiv
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Trade stängt: målet nått
Booked half quantity at 19650 40 poins exited whole at 19630
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19600 above sustains as mentioned in idea
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Important levels to act and trade for tuesday are 19630,19700,19765
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Nifty double in 5 min time frame go short stop loss 19820 target 19760,19740,19700
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*Nifty Double top in 5 mins time frame Corrnection missed out top
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All Target reached
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For Wednesday Important levels
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19800 Above sustains go long targets 19825,19850,19875,19900(Any dip can be bought out on mentioned levels on chart
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Dip to 19785 area Buy trigered
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Target 1 reached almost touched second one also
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Look for postitive price action here made double bottom at 19785 area second chance to go long
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Double bottom failed to hold, i see no momentum in both indexes as of now today could be a premium eating day. i'm signing off today
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Nifty trading in range until it sustans in the range paly the boundaries if breaks out above or below 100 points can acheive either side
Important levels 119700-9750, 19800-19850.
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19750 area as mentioned in my idea above took support Target acheived above levels
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5 time frame chart
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Breakout above range almost 100 points please check above for trade idea
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Friday levels to act and trade are 20000,19930,19900 look for price on these levels for entry
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Gap down opened made a double top and previous supply zone went short stop loss above day high and target 19825.19800.19775
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Trade stängt: målet nått
Closed on near to day low 60 points
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Though i exited with 60 points expected target reached
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Closing this week idea here will post new one for next week , there is 5 days worth of trades above anyone interested to check levels and trades for this week you find it here.
Supply and DemandSupport and ResistanceTrend Analysis
rakeshreddym

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