NIFTY Intraday Trade Setup For 10 Jan 2023
Bullish-Above 21725
Invalid-Below 21675
T- 21855 22015
Bearish-Below 21490
Invalid-Above 21540
T- 21625 21150
NIFTY has closed almost on a flat note with minor gain of 0.15% gain, all contributed via gap up. As per previous day analysis we planned a pullback short in case of a flat/gap up opening. Sell triggered @ 21660 and and made a low of 21595 which was 1:1, later it reversed and hit sl. Index is broadly trading in the range of 21850 and 21490 since last 3 sessions. One directional move will come on this 360 points range breakout. Tomorrow we will simply plan trade on today's range breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21725 then we will long for the target of 21855 and 22015.
For selling we need a 15 min candle close below 21490. T- 21325 and 21150.
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 21725
Invalid-Below 21675
T- 21855 22015
Bearish-Below 21490
Invalid-Above 21540
T- 21625 21150
NIFTY has closed almost on a flat note with minor gain of 0.15% gain, all contributed via gap up. As per previous day analysis we planned a pullback short in case of a flat/gap up opening. Sell triggered @ 21660 and and made a low of 21595 which was 1:1, later it reversed and hit sl. Index is broadly trading in the range of 21850 and 21490 since last 3 sessions. One directional move will come on this 360 points range breakout. Tomorrow we will simply plan trade on today's range breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21725 then we will long for the target of 21855 and 22015.
For selling we need a 15 min candle close below 21490. T- 21325 and 21150.
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.
