Nifty Trading Plan –20th Jan

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TraderAdda TRADING PLAN

INITIATIVE:-

Traderadda is Starting a INITIATIVE of POSTING daily NIFTY TRADING PLAN starting from the 20th JAN Trading Session.

• This will consist of Visual Support and Resistance Levels. These are very Special levels which are focused for taking positions in INTRADAY and also for POSITIONAL Trades.

 

• At these levels we see the Behavior of the NIFTY on Charts and based on it we can enter here.

 

• These levels Provides Very GOOD REWARD/RISK RATIO.

 

TraderADDA VSR (Visual SUPPORT and

RESISTANCE) Levels for 20 th Jan:-

• Larger Trend is UP and Short term trend is Down. So to capture this Short term Trend Opportunities we think that if we get NIFTY again around 6303 then one can go short here. Those who have missed the short on 6340 can make entry here.
• We feel that markets may take supports at around 6241 or 6222 levels for time being.

 

POSITIONAL LONGS ABOVE 6340 ONLY

CURRENT STATUS :-SHORT FROM 6340.

For Further Reading,

Free Nifty Calls, Nifty Levels/View, Nifty Positional Update, Nifty Technical Analysis