NIFTY POSITIONAL BUY ON DECLINE SETUP VALID FROM 1 FEB (PLZ READ
(PLZ READ AND UNDERSTAND CAREFULLY ) THIS IS A SETUP THAT WILL BE ACTIVATED IFF THE EVENT(BUDGET)PROVES VERY NEGATIVE FOR NIFTY (THE regular nifty thread is updated for bullish case and other observations)
-ALL LEVELS MENTIONED ARE NIFTY SPOT
In the rare case nifty gets bearish coz of budget than the nearest support is at 10800 shown by a thick red line , plz do not attempt any trades on test of 10800 its a support line but market trend is very bullish so at 10800 we will have the fight of bulls and bears ----stay away from trading on budget day and also stay away from trading near 10800 whether on budget day or any day in 8 trading days.
TRADE SETUP---case ifty breaches 10800 and starts sustaining below it on budget day or in coming days the next good support is at 10400 zone(10430 -10370 spot a green line marks the mid of support zone and a ellipse marks the area we are looking for entering longs in nifty .iff nifty manages to reach this zone-- positional longs can be created ----stoploss will be 10342 spot -trgs for the trade if active will be 10540 spot , this trade needs needs lots of patience and has a good chance of doing well .
-ALL LEVELS MENTIONED ARE NIFTY SPOT
In the rare case nifty gets bearish coz of budget than the nearest support is at 10800 shown by a thick red line , plz do not attempt any trades on test of 10800 its a support line but market trend is very bullish so at 10800 we will have the fight of bulls and bears ----stay away from trading on budget day and also stay away from trading near 10800 whether on budget day or any day in 8 trading days.
TRADE SETUP---case ifty breaches 10800 and starts sustaining below it on budget day or in coming days the next good support is at 10400 zone(10430 -10370 spot a green line marks the mid of support zone and a ellipse marks the area we are looking for entering longs in nifty .iff nifty manages to reach this zone-- positional longs can be created ----stoploss will be 10342 spot -trgs for the trade if active will be 10540 spot , this trade needs needs lots of patience and has a good chance of doing well .
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high volatility and possible gapdown opening means risk becomes higher than usual