On 27th October, Bulls made Nifty to rebound from 11740 levels to close near to 11890 level, which is poc. Now Nifty is in the range of 11820-12020. Below are trade plan for 28th October.
1. As per setup, Multiple POCs are coinciding each other. Market is in balanced auction.
2. Long only above 12020 with SL of 11990 for positional long target of 12145/12250.
3. Positional Short only below 11700 level with SL of 11760 for target of 11610/11530.
4. Since Nifty is in range, its better to wait for decisive breakout on either side.
Market is highly volatile. Trade as per your plan
1. As per setup, Multiple POCs are coinciding each other. Market is in balanced auction.
2. Long only above 12020 with SL of 11990 for positional long target of 12145/12250.
3. Positional Short only below 11700 level with SL of 11760 for target of 11610/11530.
4. Since Nifty is in range, its better to wait for decisive breakout on either side.
Market is highly volatile. Trade as per your plan