Nifty 50 Futures/ Market Analysis in Daily time frame

We had strong selling in Nifty 50 futures yesterday, i am considering 3 scenarios and will act according to them -
1. Current momentum continues - Break of 17400, enter long only above break candle high that is break down failure.

2. Momentum slows down - some pullback to up then another down move leading to 17400/17500 - add to your investments, up move leading to test of 18600 eventually. Most likely to happen.

3. It closes above 18200 today itself - buy buy buy.. add to your investments. Least likely but immediate very strong trade.

Comentário:

Second scenario is happening, momentum slowed down but any up move will be sold and we will have test of 17400 zone.

Wait for 17400/17500 to add to investments/buy.

Those who trade Intraday -
1. Fridays closing was weak, down momentum is likely to continue.
2. Short on -
a. 17800 break fail.
b. Below 17680 is it sustains.