Update -
No change in Positional trade. Stoploss remains the same at 5085. Intraday, none of the scenarios played out.
Trade Analysis of Tuesday -
1. Nifty future close up 32 points on good volumes
2. 5090 level again acted as a support
3. Bell shaped curve in market profile today. VAL, POC and VAH are 5108, 5118 and 5128
4. Ma. volumes traded in 5118 to 5128 zone
Trade Plan for Wednesday -
1. Positional long bought at 4925, stoploss revised to 5085. Reverse to sell below this level (closing)
2. Aggressive Intraday Long if opens or goes below 5135, and then breaks 5135 on upside. targets 5155 and 5175. Stoploss 5115
3. If opens above 5135 or below 5090, no intraday trades, except for condition 2
4. If breaks below 5090 (5 mins closing), Sell with stoploss above 5110. target 5060 and 5030
No change in Positional trade. Stoploss remains the same at 5085. Intraday, none of the scenarios played out.
Trade Analysis of Tuesday -
1. Nifty future close up 32 points on good volumes
2. 5090 level again acted as a support
3. Bell shaped curve in market profile today. VAL, POC and VAH are 5108, 5118 and 5128
4. Ma. volumes traded in 5118 to 5128 zone
Trade Plan for Wednesday -
1. Positional long bought at 4925, stoploss revised to 5085. Reverse to sell below this level (closing)
2. Aggressive Intraday Long if opens or goes below 5135, and then breaks 5135 on upside. targets 5155 and 5175. Stoploss 5115
3. If opens above 5135 or below 5090, no intraday trades, except for condition 2
4. If breaks below 5090 (5 mins closing), Sell with stoploss above 5110. target 5060 and 5030