Nifty 20-10-2018

If my counting is correct, we are near completion of this downtrend. We should see recovery in 1-2 days. It would be nice if wave (v) goes below wave (iii) before recovery, giving us more confidence in this structure

My trading strategy from monday till expiry will be –

  • play in 5 min chart
  • ONLY BUY no SELL
  • BUY when 2-3 candles closes above 50 SMA
  • Squareoff when 2-3 candles closes below 50 SMA
  • Repeat above

(Disclaimer – Above will be my strategy and I am not recommending anyone reading this blog to do this. Anyone doing will be at their own risk)

Hourly

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