The Singapore SGX Nifty is currently at 4585, suggesting that the market may trade today without being hit by another upper circuit.
For those traders who do not have any positions in the market, the day is not going to be easy. Volatility is high because of the big jump from 3700 to 4500+.
Day Traders must not enter at the open or even after a few minutes of trade. Suppose the Nifty falls a 100 points after you enter, then quickly rallies back to its highs, where will you be? The correct way to tarde is to wait for a consolidation. The consolidation allows traders to identify low risk exits. The support lines of such a range become your stop loss. The breakout from resistance becomes a trigger to enter.
Many a time, I find it difficult to offer futures trading strategies since most of these methods require the use of technical analysis, not just levels. Today's suggestion also needs an intra day chart. This annoys many readers who wish to receive 'calls'. But traders who do not have proper tools for day trading should not be in the market anyway.