► HTF is again is crucial demand zone. DTF has a "Inverse Hammer" candle, which infers "Negative" bias". ► Pivot analysis infers Trading Range DAY bias. ► Any upward movement is an opportunity to sell, provided it's in right levels. ► Support levels 15633/15605 ► Resistance levels 15780/15745 ► Demand zone will have lot of buyers, so don’t sell at first chance, wait for an uprise and check for strength of candles before committing. ► Crucial zone is "confluence zone". Watch closely to trigger for momentum and taking trades.
l Open drive rejection. l PPT. l Evening star. l RCR l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15795 is stop of 15773 and target of 15836. 2. Any bullish PA above 15720 is quick scalp with stop of 15699 target of 15743. 3. Any bullish PA above 15647 is stop of 15626 and target of 15691. 4. Any bearish PA below 15691 is short with stop of 15717 and target of 15652. 5. Any bearish PA below 15625 is short with stop of 15645 and target of 15585.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!! @Sacredmonkey
액티브 트레이드
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Plan 1 in progress
코멘트
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Please exit at 3:00PM or 3:15 PM max at cost or LTP. Its risky to carry in last 15 minutes.
HI Bro- Do you trade in Options or Futures? If Options, are you an Option Buyer or Seller? Today I tried to buy Call Options and even though Nifty isn't moving, the call premiums were reducing. Pathetic day :-(..
FoxstoxWealth
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@priceactionking_4u, Hi Mate, am an options seller. I sell naked options intraday and if i carry them overnight then i hedge them with OTM.
As for buying, don't even do it buddy. particularly on Trading range day. U will lose even when ur right.
Lastly, naked selling in intraday will also, reduce ur position size, which by default helps u in losses.
priceactionking_4u
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@Sacredmonkey, Sure bro.. Will start learning option strategies. Some what poor in those concepts.Will you try weekly option strike prices?
FoxstoxWealth
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@priceactionking_4u, If you are an intraday player, dont learn weekly strategies and stuff. Just sell ATM or slightly deep ITM for intraday. If you are carrying overnight just hedge it buy buying a OTM of delta 0.2 or 0.25. This pretty much does for Intraday.
FoxstoxWealth
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ramyarsekar
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Can you explain about confluence zone?
FoxstoxWealth
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@enhancedtrader12, Sure, If there is weekly CPR/monthly CPR/daily CPR are falling in same zone, then its called a confluence zone. Its, like two rivers meet at a specific place. The meeting become a very important S/R levels which should be watched for carefully to initiate our positions.
Another example is Weekly CPR is observed by Swing players and Daily CPR is seen by intraday players. When two different kind of market participants are watching same zone. It becomes very critical that there is a huge force build up for momentum in the specific zone, which is called confluence zone. Hope this helps.