Hi Traders,
Two days leave form market screen gives mentally fresh for the next five day trades. Being a day trader in a finance market, handling trade for a short time period is big response to maintain the capital amount for further trade. Mind control takes the major roll in these times, so keep the mind as per trading plan and follow the same. Before entre to the trade three major point are must in your plan, first one entry point Buy or sell which one, second one exit or target level the last but not the least stop loss level. If you have this three points in your trading plan, your mind will be in control while trade. So always have plan to trade and trade as per plan, and then you are the profitable trade in this market.
On Friday see EMA trading technique given two successful trade and one failure trade. If you carried out that trade , then profit was sure in your pocket. Just follow EMA trading technique at the market time and trade as per the technique.
September 12 spot nifty big resistance is 5128 if these breaks just go for buy entry in
Nifty futures for the target of 5140, 5150, 5160 and use stop loss for this trade at 5080.
Support for the spot nifty at 5179 in this level market breaks go for nifty futures short for the target of 5165 5150 5140 stop loss for this trade could be at 5125
Trade in the market between 10am to 3pm for better result.
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