Nifty,Bank Nifty future Intraday trading strategy for tomorrow
The intraday trading in Nifty and Bank Nifty without any strategy is a risky one. A trader must have a strategy or should follow expert to trade in derivative. The coming Thursday is the monthly derivative expiry. Indian markets will be volatile in coming two/three days after a strong rally.
Today in the derivative market the Nifty future opened in 11632.65 and touched a high of 11660 and a low of 11557.60. During the day the Nifty future has given a movement of 102.40 points. The Bank Nifty today opened at 30514 and touched high 30674.95 and a low of 29923.25. The intraday movement of Bank Nifty future was 751.7 points.
Intraday trading strategy of Nifty future for 25th Sept
Primary Trend Nifty Future: Trend Up
Range-Bound Trend of Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 11700 whereas All Down Moves Initiates Short Covering (Buy) @ 11550
If Nifty Future Moves Above 11640 and sustained. Then you should Buy with 1st Target of 11670 during the day with a Stop Loss of 11610 FOR the Target of 11670- 11694- 11715
If Nifty Future Moves Below 11610 tomorrow and sustained. Then you should Sell with 1st Target of 11582 during the day with a Stop Loss of 11640 FOR the Target of 11582- 11560- 11538.
Intraday trading strategy of Bank Nifty future for 25th Sept
Primary Trend of Bank Nifty Future: Trend up (volatile)
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 30650, whereas All Down Moves Initiates Short Covering (Buy) @ 29900
If Bank Nifty Future Moves Above 30282 and sustained. Then you should Buy with 1st Target of 30440 during the day with a Stop Loss of 30125 FOR the Target of 30440 – 30605 – 30674.
If Bank Nifty Future Moves Below 30125 and sustained. Then you should Sell with 1st Target of 30060 during the day with a Stop Loss of 30282 FOR the Target of 30060- 29930- 29740
Conclusions:
The market trend is up but traders should trade cautiously this week. The market has already rallied and this week we have monthly derivative expiry. Coming a few days market would remain volatile. Traders can follow above Nifty and bank nifty intraday trading strategy for tomorrow with strict stop loss only.
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