NIFTY 09/06/23
Here are the levels for nifty to trade for tomorrow intraday. we can see price trapped the buyers by fake out from the range and price came back to the range again. OR it can be also the retest we can consider as retest so let the price decide how it will move i am thinking it price to upside let see and take trades based on the opening. on Daily TF price formed a nice strong bearish engulfing candle. we can see further down side moment if the today low broken. so will plan for tomorrow trades. mark the fib retracement for tomorrow trades with these levels.
if the price breaks the 0.618 level which is also a day low and breaks down side then we can take the short trade on the retest with the volumes confirmation.
if the price breaks the resistance which is the red line then we can see a upside moment we can take the entry with volumes confirmation on the retest, if the price stays sideways between the red line and 0.618 level then don't trade it can be volaitile and can make traps.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price breaks the 0.618 level which is also a day low and breaks down side then we can take the short trade on the retest with the volumes confirmation.
if the price breaks the resistance which is the red line then we can see a upside moment we can take the entry with volumes confirmation on the retest, if the price stays sideways between the red line and 0.618 level then don't trade it can be volaitile and can make traps.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
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