Nifty Trading near to support zone, reversal setup in nifty!

1 thg 8

Hello Traders!
After opening weak and testing previous support zones, Nifty is now showing signs of intraday recovery. The zone around 24,660–24,620 has acted as demand earlier, and once again buyers seem to be stepping in from the same level.

If this recovery sustains, there’s a good opportunity on the call side.

Here’s the exact trade setup I’m following today.

Trade Setup:

• Instrument: Nifty 24600 CE – 7th August Expiry
  
  
• Current Price: 175
  
  
• Add More: Around 150–155
  
  
• Stop Loss: 130
  
  
• Targets: 200 / 228 / 260++
  

Risk Management Notes:

• Position Sizing: Avoid large positions, this is an intraday recovery trade
  
  
• SL Discipline: Follow stop loss strictly if price fails to hold
  
  Disclaimer:
  This is not a buy or sell recommendation. Trade shared for educational purpose only. Please follow your own analysis and risk management before taking any trade.

1 thg 8

Ghi chú

We got achieved 1st Target (200) successfully.

1 thg 8

Giao dịch được đóng thủ công

After giving 1st Target, it reversed and now nifty made fresh intraday and near term low. Let's see if nifty stop at psychological levels which is 24500