NIFTY
NIFTY — Intraday Plan (15‑min)
Market Structure
Technical snapshot from the 15‑minute chart:
- Resistance zone: 25,900 – 25,930 (recent "Big‑Player Selling").
- Support level: 25,800 (horizontal institutional demand level).
- Momentum: Recent bullish run from 25,300 → 25,900; watch for exhaustion near resistance.
No‑trade zone: 25,800 — 25,900 — wait for clear breakout or breakdown.
Trading Plans
Bullish (Breakout)
| Entry | Buy above 25,910 |
|---|---|
| Stop‑loss | 25,840 (place below breakout retest) |
| Targets | 1) 25,980 · 2) 26,060 · 3) 26,120 |
Bearish (Breakdown)
| Entry | Sell below 25,780 |
|---|---|
| Stop‑loss | 25,860 |
| Targets | 1) 25,700 · 2) 25,620 · 3) 25,540 |
Strategy: keep position size small on initial breakout/breakdown; trail stop after every 40–50 pt move. Avoid trading inside the no‑trade zone.
Quick Checklist (Before Entry)
- Confirm breakout/breakdown candle closes outside the zone on 15‑min.
- Check volume — higher volume favours the move.
- Look for confluence: retest of level + price rejection (wick) gives better probability.
- Set strict stop and risk only 0.25–0.75% of capital per trade (adjust per your plan).
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