NIFTY has created a bearish sentiment on Friday ending the day with 0.85% cut. We have longed from 18460 and its TSL we followed is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. On Friday it closed below PDL and now if it breaks its low- 19300 then our TSL will be hit and will exit the longs. Next bullish momentum above 19525. For a sell it has to make a bearish price structure in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19420 then we will long. T- 18523 19620.
For selling we need a 15 Min candle close below 19300. T- 19213 and 19121.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.