What an amazing day. Nifty future without triggering short level went straight down to first target , then moved to second target of long, after retracing to 3372. Days like these should be used to determine how good one is as a day trader. Not only was it a test of trading systems, but that of discipline too.
For friday trading
Bear Level
Short nifty future at 3475 with stoploss at 3514 for targets 3420, 3380, 3345
Bull Level
Buy nifty future at 3345 with stoploss at 3313 for targets 3380, 3420, 3475
DLF trade worth the risk.
After making a negative pattern on 16th , dlf has given a retracement. This pullback may be used to make a good risk to reward entry. Tomorrow short dlf at 254 with stoploss at 261 for targets 245, 237, 227. Above 261, trade can be converted to long with the objective to nullify the loss in short.
Have a great trading day
