Nifty showing strength in last 2 days. Went long today

On 16th March Nifty daily chart formed an almost bullish engulfing candle indicating buying strength and a follow through bullish candle was seen on 17th March which was the weekly options expiry day. Today on 18th March, the buying pressure continuing with a gap up opening and 150 points up move so far.

The price is above the EBR/EBL bands and the MHAF candles at the bottom of the above chart is also showing moderate strength. Although today's one is not a classic bullish candle with green body and bottom wick, we got a LONG signal as per the spreadsheet below.

Just at the opening of the day, the BUY trigger was at around 23650, hence following our hypothetical Futures Only strategy, we went long at 23675. The current stop loss is placed at 23430 spot (futures equivalent ~23450). Our real money trading account is not having any positions and is waiting for the March options series to be over.

Happy trading. Cheers.