Continuing with tomorrows post on NIFTY - Nifty on daily timeframe remains in no trade zone essentially for conservative traders. For the agressive ones gains will only continue when we have a Sell 2 mode.
This would only come after atleast a day or more of negative price action.
4980/ 4960 and 4910 remain high volume nodes and thus will act accordingly.
We have closed at 4940 today with 4911 as the low which was the low for yesterday as well. Gains from the index will not come for longs as well since the technicals are not favorable.
But one can trade on intraday basis - provided one has a system and is a dedicated trader not a part time.
We will continue to see through the movement.
We have puts 4800 right now as a trade and will look to hold till on daily TF the signal is given to either book profit or stop loss is hit.
This would only come after atleast a day or more of negative price action.
4980/ 4960 and 4910 remain high volume nodes and thus will act accordingly.
We have closed at 4940 today with 4911 as the low which was the low for yesterday as well. Gains from the index will not come for longs as well since the technicals are not favorable.
But one can trade on intraday basis - provided one has a system and is a dedicated trader not a part time.
We will continue to see through the movement.
We have puts 4800 right now as a trade and will look to hold till on daily TF the signal is given to either book profit or stop loss is hit.
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