Nifty 50 Futures/ Market Analysis in Daily time frame
Обновлено
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.
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.
Заметка
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.
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