#NIFTY is Currently in a Compression Zone Between 25000/24500 Zone.
There is 1 Green Day and Suddenly Next is Red on Daily Chart.
Such Phases Become Little Unpredictable to Handle. But Whenever the Compression Breaks Out, Trend Followers Get Good Reward.
So We're waiting.
#HEROZERO
SENSEX 79900 PE (4 Sept Expiry)
CMP is 100-120
Can Hit 180/270/500+
SL 20
Disclaimer : Plz Follow Your Risk Management. This is a Risky Position.
#POSITIONAL
SENSEX 80400 PE 4 SEPT
CMP is 150-170
Can Hit 220/300/450+
SL 50
Disclaimer : Plz Follow Your Own Risk management. This is a Overnight View.
NIFTY Expiry View :
#GIFTNIFTY Indicating Flat Open.
24700 Major Resistance. If Markets Show Rejection here Possible fall towards 24550 levels.
Expecting a Both Sided Expiry Today.
24600 Should be a Control Point for the Day.
NIFTY View for Today :
#GIFTNIFTY Indicating Positive Open.
GDP Data On Friday Likely a Trigger.
If 24500+ Levels are Reclaimed today, Possibility of Some Greenery.
On Downside, If Gapup get's sold off again, 24337 Previous Swing low could be targeted.
We'll Trade Fresh on Monday after The Clarity on Gap Open.
NO BTST For Today.
24500 Has been the Zone where Most Bear Traps have played out.
So, Not Preempting here either short or longs.
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