On Daily time frame Nifty is currently sideways, and any move in either direction will make the market trending may be bearish or bullish.
For tomorrow, we will avoid doing directional trading between 17032 and 16997, and will go for bearish trade, below this zone, with limited quantity and tight stop loss up to the zone between 16927 and 16805. We may expect a reversal of Nifty from this zone. After Nifty crossing this zone, we will consider it to be bearish and will enter into bearish trade completely and may go for positional trades with a credit spread.
For bullish trade, will have to wait for Nifty to close above the no trade zone and preferably for a closing of a candle of 15-minute time frame. Our initial target will be 17098. Again from this level we may expect some correction.
For huge gap up or gap down opening, near the support or resistance levels marked, we may try to enter into scalping trades, but with minimum quantity and tight stop loss.
Will not consider OI data today.
.
*All support and resistance plotted are based on PDH / PDL . For any reversal after breaking PDH / PDL, support and resistance levels will be different*
**Time of plotting the levels and planning 13th October, 9:05 PM**
***Personal opinion, not a trading advice***
For tomorrow, we will avoid doing directional trading between 17032 and 16997, and will go for bearish trade, below this zone, with limited quantity and tight stop loss up to the zone between 16927 and 16805. We may expect a reversal of Nifty from this zone. After Nifty crossing this zone, we will consider it to be bearish and will enter into bearish trade completely and may go for positional trades with a credit spread.
For bullish trade, will have to wait for Nifty to close above the no trade zone and preferably for a closing of a candle of 15-minute time frame. Our initial target will be 17098. Again from this level we may expect some correction.
For huge gap up or gap down opening, near the support or resistance levels marked, we may try to enter into scalping trades, but with minimum quantity and tight stop loss.
Will not consider OI data today.
.
*All support and resistance plotted are based on PDH / PDL . For any reversal after breaking PDH / PDL, support and resistance levels will be different*
**Time of plotting the levels and planning 13th October, 9:05 PM**
***Personal opinion, not a trading advice***
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.