Pivot Call

The lesson here is simple: When trading intraday, don't limit your analysis to the 5-minute chart. Along with: Swing Highs & Swing Lows/Supply & Demand Zones, also mark 20 EMA level. Many traders focus only on horizontal support and resistance but ignore 20 EMA on daily time frame chart which also very important level. Learn Price Action: https://pivotcall.com/courses/

Yesterday (28th July), Nifty broke the Previous Day High in the very first candle. This was an important level because 27th July was a Gap-Up Day, making the Previous Day High the Upper Gap Border. Yesterday The first candle gave a bullish breakout above the gap border. Many traders would have expected the market to continue rallying from there. But it didn't. After the breakout, Nifty reversed and remained sideways for almost the entire trading session. So, why did the breakout fail to generate momentum? The answer was visible on the Daily Time Frame chart. The Nifty was approaching the 20 EMA on Daily Time Frame chart, which was acting as a strong dynamic resistance. (Blue line in the chart) As soon as price reached the 20 EMA, it faced resistance and lost momentum, resulting in a sideways market despite the breakout.

But remember... This does not mean every gap will be filled immediately or that every gap fill will result in a reversal. Instead, treat gap areas as high-probability price action zones where the market deserves your close attention. This Gap concept is covered in our book " A Trader's HandBook" https://shop.pivotcall.com/product/handbook/

One of the popular sayings in Price Action Trading is: "Markets don't like gaps." What does that mean? Whenever a gap is created on the chart, the market has a tendency to revisit that area and eventually fill the gap. While there is no guarantee about when it will happen, many gaps do get filled over time. Take Nifty as an example. Between 12th June and 15th June, a significant gap-up was created. As you can see on the chart, the upper border of that gap acted as an important support for several trading sessions. Then, on 24th July, the market finally moved down and filled the gap. Interestingly, once the gap was completely filled, Nifty reversed on the 5-minute chart, showing how gap areas often become important reaction zones. If you go back and study historical charts on daily time frame, you'll notice this behavior repeatedly. Many gaps eventually get filled because gaps act like magnets, attracting price back towards them.

When a breakout occurs along with multiple levels, the probability of breakout working increases. But remember... A Narrow CPR does not guarantee always a trending day. It's the confluence of multiple factors that creates a high-probability setup. That is the difference between novice traders and professional traders. Professionals never trade with overconfidence. They trade with probability, discipline, and strict stop losses, knowing that even a high-probability setup can fail. Learn how to identify High Probability Trading Setups. Course Details: https://pivotcall.com/courses/

There is NO setup in trading that works 100% of the time. That's why every setup in trading is classified as either a High Probability Setup or a Low Probability Setup. A high-probability setup has a greater chance of working, while a low-probability setup has a lower chance. But remember, high probability never means guaranteed. As a price action trader, your job is to identify and trade only high-probability setups while always keeping a stop loss... Take Nifty – 22nd July (Wednesday) as an example. The Nifty broke below the Previous Day Low right from the first candle and continued to trend lower. Why did this breakout at opening was a high probability set up? Because multiple factors came together: • Previous Day Low (Demand Zone) was broken. • CPR was Narrow, increasing the probability of a trending day. • On the Daily Time Frame chart, price also broke below the sloping 20 EMA, which was acting as a support.

On 17th July, the low of the first candle acted as a strong Demand Zone, from where Bank Nifty made a sharp move higher. Later, around 1:30 PM, another second Demand Zone was created. On the next trading day (20th July), Bank Nifty opened with a gap down below the second Demand Zone. Since the price was now trading below that Demand Zone, the same level that earlier acted as support now acted as resistance. As Bank Nifty moved lower, it reached the previous day's first Demand Zone, and because the price was above that demand level, it acted as support. The rule is simple: If price is trading above the demand level, it behaves as Support. If price is trading below the demand level, it behaves as Resistance. This Supply, Demand, Support & Resistance concept is explained in detail in our "A Trader's Handbook" https://shop.pivotcall.com/product/handbook/

Think of support and resistance like the floor and ceiling of a room. When you’re sitting in a room, the ceiling is above you. But the moment you go to the first floor, that same ceiling becomes your floor. Markets work the same way. A support(demand) level, once broken, often becomes a resistance when price comes back to test it. Similarly, a resistance(supply) level, once broken, often turns into a support. Take Bank Nifty (17th & 20th July) as an example:

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If you're an intraday trader, never treat the current trading day as an independent day. Always treat current day as an extension of the previous trading day. The market doesn't forget what happened yesterday. Before the market opens, mark the important levels from the previous day's chart. Then, patiently wait for the price to revisit those levels. Don't predict. Observe the price action. Let the candlesticks tell you the story before taking a trade. Remember, markets don't move because of indicators. Markets move because of buyers and sellers. Your job is to identify: Where buyers are waiting. Where sellers are waiting. Where buyers are trapped. Where sellers are trapped. The previous day's chart gives you these clues.

In the screenshot attached, I have marked the important levels in Nifty from 8th July to 14th July and highlighted how Nifty reacted every time it revisited those levels. Once you learn to read the market this way, trading becomes much more logical and less emotional. This is one of the important concepts explained in "A Trader's Handbook" where I discuss how to identify key levels on previous day chart and use price action to take high-probability trades. A Trader's HandBook: https://shop.pivotcall.com/product/handbook/

Wait for the low of that green candle to break with a strong bearish candle. That is your high-probability short entry with SL above the bearish candle (as shown in 1 minute chart) Why? Because once the low of the green candle is broken in a downtrend, the stop losses of reversal buyers get triggered, adding fresh selling pressure and increasing the probability of another leg down. Key Learning: ✅ Don't chase parabolic breakdowns. ✅ Switch to 1 minute timeframe chart. ✅ Short only when the pin bars/bullish candle low is broken. This simple approach can help you trade with better risk-reward and stay on the right side of momentum. Learn to read price action: https://pivotcall.com/courses/

How to Trade a Parabolic Breakdown Without Chasing the Market Yesterday, Nifty traded sideways till around 1:40 PM. Then, around 1:45 PM, a strong bearish candle broke the day's low, triggering a sharp fall after news of escalating tensions in the Middle East between US and Iran. Such moves are called parabolic breakdowns due to news driven crash. The biggest mistake traders make is chasing the downmove and shorting the random red candle. During a news-driven crash, price can rebound sharply at any time, making random short entries very risky. So, what is the better approach? 👉 Switch from the 5-minute time frame chart to the 1-minute time frame chart. As the market continues to trend down, wait for a small green candle or a bullish pin bar to form (as shown in 1 minute chart). These candles indicate that some traders are trying to catch a reversal. Now, don't short immediately.

2) The second battle is inside you. You have the strategy. The setup is perfect. And then — fear freezes you. You don't pull the trigger. Or you're in a winning trade and greed whispers "just a little more" — and you give it all back. Or your stop loss is staring at you and your ego says "it'll come back remove the stop loss" — and it doesn't. That's not a strategy problem. That's a mindset problem. My second book — The Trader's Mindset — fixes exactly that. Fear. Greed. Emotional trading. Cutting winners too early. Skipping stop losses. Everything that silently destroys good traders — addressed, explained, and fixed in this book. Two books. Two battles. One complete trader. Because a strategy without mindset is just a plan on paper. And mindset without strategy is just motivation without direction. You need both. Now you have both. (WhatsApp on 74993 89183 for special combo offer) A Trader's HandBook: https://shop.pivotcall.com/product/handbook/ The Trader's MindSet: https://shop.pivotcall.com/product/traders-paperback

Every trader starts the same way! Excited. Hopeful. Convinced that this time, they've figured it out. Then the market humbles them. Not because they lacked passion. Not because they weren't smart enough. But because nobody told them that trading has two battles — and you need to win both. 1) The first battle is outside you. Finding a high probability set up that tells you exactly — where to enter, where to exit, where to keep your stop loss. One that has been tested, backtested, over time. My first book — The Trader's Handbook — gives you that. My personal strategies. The ones I actually use. The setups with historically high probability of winning. Everything laid out so you can trade with clarity and confidence.

Always wait for price action confirmation. In this case, the 10:45 AM full-body bearish candle confirmed that sellers had taken control. That was the high-probability short entry. This concept of High Confluence is discussed in detail on Page 277 of The Trader's Handbook. https://shop.pivotcall.com/product/handbook/

One of the most powerful concepts in price action is High Confluence. Whenever two or more support levels or two or more resistance levels come together at the same price, that area is known as a high confluence zone. These are the levels where price has a higher probability of reacting. (If it's a resistance confluence, chances of reversal increase. If it's a support confluence, chances of a bounce increase) A perfect example was seen in Nifty on 29th June. Around 10:30 AM, price reached the day's high resistance. But It was a confluence of two important levels: Day's high resistance CPR resistance This made it a high-probability resistance zone. However, don't short just because price reaches a resistance confluence zone.

The real short trade was triggered only at 1:55 pm, when the low of the breakout candle was finally broken. That breakdown of 1.55 pm confirmed that the breakout buyers had been trapped and their stop losses finally got triggered and then a free fall. The lesson is simple: 👉 Don't short immediately just because a breakout failed. 👉 Wait for the breakout candle's low to break. That provides a high probability trade. This Trap Trading concept is discussed in detail on Page 189 of The Trader's Handbook. https://shop.pivotcall.com/product/handbook/