NIFTY Intraday Trade Setup For 11 Dec 2023
Bullish-Above 21010
Invalid-Below 20960
T- 21141 21300
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20543
NIFTY has closed on a bullish note with 3.46% gain last week. Whole gain is added in our basket :) as we have longed from 19880 which was planned on 27 Nov. After the breakout of 20222 we opted to ride till fullest with PDL as TSL. TSL is intact, if a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. Mother trend remains bullish till 20850 is safe. Tomorrow's best trade will be on flat opening. 21010 and 20850 are important levels for tomorrow's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21010 then we will long for the target of 21300 and 21510.
For selling we need a 15 min candle close below 20850. T- 20684 20543.
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 21010
Invalid-Below 20960
T- 21141 21300
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20543
NIFTY has closed on a bullish note with 3.46% gain last week. Whole gain is added in our basket :) as we have longed from 19880 which was planned on 27 Nov. After the breakout of 20222 we opted to ride till fullest with PDL as TSL. TSL is intact, if a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. Mother trend remains bullish till 20850 is safe. Tomorrow's best trade will be on flat opening. 21010 and 20850 are important levels for tomorrow's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21010 then we will long for the target of 21300 and 21510.
For selling we need a 15 min candle close below 20850. T- 20684 20543.
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.
