Nifty Analysis | 21Sep 2020

Nifty looks pretty weak for tomorrow with breaking of critical supports.
Scenario 1
If Nifty gaps down, wait for pull back to short (levels given on chart, will update real time as well)
Scenario 2
If Nifty opens flat, above conditions holds true
Scenario 3
If Nifty Gap ups, we need to look for long opportunities from the support lines given in chart. Happy Trading

Kommentera:

Sold at the resistance level mentioned on opening, bought back at 11480. Waiting to sell again. but be cautious about trend reversal signs

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potential reversal taking place, watch out

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keep scalping as long as 14 ema is not taken out on upside

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Our Short bias is intact

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Shorted at at 11522 as described in chart, looking to book at 11475/11450 with 11500 as SL

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Booked 50% after at first target 11470
Booked 70% at 11460

Trade stängt: målet nått:

all short positions covered 11440. retiring for the day

Kommentera:

Short taken again at 11400-11430 level & closed at 11255. Hope everyone had a great day