Nifty: Intraday Trade Setup for Expiry
As I have mentioned in my previous day's posts, I am buying Nifty on every breakout of its supply zone. Now I am in that position that If tomorrow Nifty will open 100 points gap dow then also I will be in a profit.
The trend is your friend and " Bhav Bhagwan Che". Received many messages who took a short trade and now they are stuck. They are bearish in the market and on every strong momentum they made a short position (In some case analysis may go wrong is a different thing but don't have a knowledge of analysis is a different thing).
As per my view in the short term trend, neither I am bullish nor bearish and in a long term time frem I am bullish but this view doesn't impact my intraday trading.
Anyways, Tomorrow If Nifty will trade in the 12050-12120 zone then I will trade in option writing. If Nifty will sustain above 12135 then I will go long in Fur for the target of 12200.
Trade Well.