Your trades must be based on clearly defined rules.
You have to analyze your feelings as you trade, to make sure that your decisions are intellectually sound.
You have to structure your money management so that no string of losses can kick you out of the game.
Nifty Daily
Technically Stoch has given a Buy Signal and move above 4880 will lead to 4930 in quick succession ,Failure to Hold 4787-66 range will lead to 4700 levels.
I still presume after November month trending move market will move sideways for few session forming a trading range and than give a final breakout or breakdown.
Nifty Fibo
As per Fibo levels 4930 is 38.2% retracement and should be the target for current upmove in Nifty with a condition than market should close above 4800 on closing basis.
Nifty Monthly
Buy above 4819 Tgt 4852,4866,4880,4900 and 4930
Sell below 4766 Tgt 4740,4693,4665
hey ..as usual it’s great analysis…one question..how do we read the nifty options open interest data today.. 4500 and 4000 put’s OE has increased and macd is showing +ve divergence…?