Fin nifty trades and targets - 13/8/24

12 août 2024

Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.

13 août 2024

Note

12830 to 12875 will be strong support. If this level is broken then we can see good levels on the downside.

13 août 2024

Note

Next targets will 22680 & 22550

13 août 2024

Note

If a 5 minute candle closes above 22840 then it would be change of trend. Check if candle close above this level in 15 minute then we can look for CE trades. If not ten it gong to be sell on rice scenario.

13 août 2024

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At 22680 book out maximum profits please, or keep your stop loss 22700 . Reversal may happen from there.

13 août 2024

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Book profits and close the trades please.

13 août 2024

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Do not look for opposite trades in CE, you will lose all your profits and end up in losses.

13 août 2024

Note

As per options chain market can down till 22600 and 22550. If you have made good profits then do not hold the trade. If planning for new trades then quantity should be very minimal. Trade with money which you are ready to lose if the reversal takes place.