In my yesterdays post (link below), I had said
I do not have strong bias on either side. Also it is an expiry day.
I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea.
Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions.
Though it looked like a bullish day, because of the context of yesterday, I still consider it as a consolidation day. Retest of 11200 is also done.
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My Trades today
I could not trade intraday today because of internet issues at my place.
My notes for the day
NIFTY closed at 10215, 0.74% higher
BANK NIFTY closed 0.88% higher
VIX dropped around 1%
Advance Decline ratio is 37 to 12. For broader market it is 1024 to 822
Option open interest shows 11000-11500 expiry range.
My view for tomorrow
Considering the recent upmove of 5 days, I think tomorrow NIFTY is likely to consolidate further in the range 11200-10950.
I won't go long immediately if 11200 is broken in the early morning or open.
Also for any intraday short position, NIFTY has to break 11170.
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July 22 Trade Log
I do not have strong bias on either side. Also it is an expiry day.
I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea.
Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions.
Though it looked like a bullish day, because of the context of yesterday, I still consider it as a consolidation day. Retest of 11200 is also done.
====================================================================================================================
My Trades today
I could not trade intraday today because of internet issues at my place.
My notes for the day
NIFTY closed at 10215, 0.74% higher
BANK NIFTY closed 0.88% higher
VIX dropped around 1%
Advance Decline ratio is 37 to 12. For broader market it is 1024 to 822
Option open interest shows 11000-11500 expiry range.
My view for tomorrow
Considering the recent upmove of 5 days, I think tomorrow NIFTY is likely to consolidate further in the range 11200-10950.
I won't go long immediately if 11200 is broken in the early morning or open.
Also for any intraday short position, NIFTY has to break 11170.
====================================================================================================================
July 22 Trade Log
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.