Trade Opportunities in Nifty on 12-07-2023

Hello Friends,

These are the list of probable trades on 12-07-2023 as per my understanding of Price- Action and Support- Resistance.


Level 1:

Trade A which is buying PE, can be initiated if the support of Level 1 is broken.

Trade B which is buying CE, Can be initiated if the price takes a bounce from the Level 1 support.

Trade C which is buying CE, Can be initiated if the price breaks the resistance of Level 1, and sustains in Level 2.

Level 2:

Trade D which is buying PE, can be initiated if the support of Level 2 is broken and enters Level 1.

Trade E which is buying CE, Can be initiated if the price takes a bounce from the Level 2 support.

Trade F which is buying PE, can be initiated if the support of Level 3 is broken and enters Level 2 or if the price takes a rebound from the resistance of Level 2.

Level 3 :

Trade G which is buying CE, Can be initiated if the price breaks the resistance of Level 3 and enters into the zone above.

Trade H which is buying PE, can be initiated if the price cannot break the resistance of Level 3 and takes a rebound.

Please message me for any confusion or any suggestions.

Happy Trading !!