Tomorrow's market could be sideways, you can do scalp for quick gains in conditions as described below:
1) Go short if the market opens flat or a little gap down and trendline breaks and gives 15 min closing below 33838.35.. Keep a target of 150 points from the level. It can go up to 33506 but that target is most probably against the psychology of the market. Hence saying to book early.
2) Go long if 15 min candle closes above the trendline and again takes support on it otherwise it will be a fake breakout, in case of taking support at the trendline after breakout take half of the quantity in your appetite and add more if 30 min candle closes above 34142.85. Keep a target of 34287 then 34360 then 34760.
In case of huge gap up or down-sell calls and put as per the levels marked.
1) Go short if the market opens flat or a little gap down and trendline breaks and gives 15 min closing below 33838.35.. Keep a target of 150 points from the level. It can go up to 33506 but that target is most probably against the psychology of the market. Hence saying to book early.
2) Go long if 15 min candle closes above the trendline and again takes support on it otherwise it will be a fake breakout, in case of taking support at the trendline after breakout take half of the quantity in your appetite and add more if 30 min candle closes above 34142.85. Keep a target of 34287 then 34360 then 34760.
In case of huge gap up or down-sell calls and put as per the levels marked.
Note
Set up worked fine. Sell triggered on 10 am candle and gave exactly 150 points and again took resistance from 33838.85 and came down, Good scaping and option selling day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.