Nifty : Get Ready for Extended Scalpings !
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I think we need 3-day weekends, Damn ! it feels so good n fresh & energetic after 3 Days :)
In Nifty we are looking for extended scalping's only - A Gap up open with retest of 9630's zone and move down till 9570's. See this is route map of prediction how Nifty can move for the day & if the expected thing happens based on trade setup we need to take trade, we don't take trade based on our predictions. Trade setup matters most when its aligning with predictions, its well n good for us.
Just a word about 9530's support, Nifty may give a move there just showing it as if its creating breakout to downside but only if 9520-30's broken, I will look for another 50-70 points to downside till 9450's. Regarding most views biased on Short side, well, I respect other trade ideas - It's just that I follow My Plan & it says extended scalping, no trend as of now, but it's around the corner to emerge. It's not about whether we got it right or wrong, its about we followed our rules & plan.
Happy Trading !
In Nifty we are looking for extended scalping's only - A Gap up open with retest of 9630's zone and move down till 9570's. See this is route map of prediction how Nifty can move for the day & if the expected thing happens based on trade setup we need to take trade, we don't take trade based on our predictions. Trade setup matters most when its aligning with predictions, its well n good for us.
Just a word about 9530's support, Nifty may give a move there just showing it as if its creating breakout to downside but only if 9520-30's broken, I will look for another 50-70 points to downside till 9450's. Regarding most views biased on Short side, well, I respect other trade ideas - It's just that I follow My Plan & it says extended scalping, no trend as of now, but it's around the corner to emerge. It's not about whether we got it right or wrong, its about we followed our rules & plan.
Happy Trading !
Note
Nifty, In opening candle itself went near our zone & going down. So Gap up & Down for the day it seems as mentioned earlier.Note
Now getting back to 9570's
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