Dt: 03-07-25

Nifty commentary

Hourly

Looks like it will form a range between 25,300-25,600 and there will be whipsaws, trading in the middle of this range.

15min

Lack of follow through to the downside after yesterday's move. After today's move and close the scope to trade either side remains muted as the r:r isn't great considering the current structure.

3min

I was hoping for a short trade expecting a rejection from the lower boundary. However, price rejected twice once after the open and once more after closing briefly below it. Though there was no meaningful upside trade, however one upside trade was taken after the second rejection below the boundary lows. it was for a minor profit. During the second half, one more follow through trade was taken after price closed below lower boundary. Previous to that, there was a SL hunting move done to the upside attracting more buyers, whose SLs were taken below the lower boundary. This was also for a minor profit. Next trades with good r:r would only be around 25,300 or 25,600, unless we see any compression in between this range, which can then be traded as well, if opportunity presents.

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