NIFTY Intraday Trade Setup For 13 Feb 2024
Bullish-Above 21810
Invalid-Below 21760
T- 22011 22190
Bearish-Below 21570
Invalid-Above 21620
T- 21339 21120
NIFTY has closed on a bearish note with 0.76% cut today. Our short trade which we are carrying from 21800 is now seems to be on track. Our trade was based on 2nd leg shooting star in daily TF with SL being intact @ 22130. Yesterday half bat was projected as an resistance seeing the current trend of the market which worked very well in today's session. 21810 and 21570 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of 22011 and 22190.
For selling we need a 15 Min candle close below 21570. T- 21339 and 21120.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 21810
Invalid-Below 21760
T- 22011 22190
Bearish-Below 21570
Invalid-Above 21620
T- 21339 21120
NIFTY has closed on a bearish note with 0.76% cut today. Our short trade which we are carrying from 21800 is now seems to be on track. Our trade was based on 2nd leg shooting star in daily TF with SL being intact @ 22130. Yesterday half bat was projected as an resistance seeing the current trend of the market which worked very well in today's session. 21810 and 21570 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of 22011 and 22190.
For selling we need a 15 Min candle close below 21570. T- 21339 and 21120.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
