Midcap nifty select trades and targets - 20/8/24

19 Ağu

Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.

20 Ağu

Not

Market is opening gap up, look for PE options till the gap is filled till previous high. Closed trade at previous day high at any cost.

20 Ağu

Not

There is no scope for premiums hike till today's high or low are broken till then its no trading zone.

20 Ağu

Not

12860 and 12890 are next targets