NIFTY Intraday Trade Setup For 23 Nov 2023
NIFTY Intraday Trade Setup For 23 Nov 2023
Bullish-Above 19830
Invalid-Below 19780
T- 19925 20030
Bearish-Below 19700
Invalid-Above 19750
T- 19614 19540
NIFTY has closed almost on a flat note with 0.14% slight gain. It has formed a bullish Pinbar candle in daily TF. So above today's high it can give good bullish move. Next stop looks near 19925 above 19825. 19700 will be a crucial level for short consideration. However if 19750 is broken then bears will start to take charge. Momentum looks dead till we close this month at a decisive point.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19925 and 20030.
For selling we need a 15 Min candle close below 19700. T- 19614 and 19540.
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.
Bullish-Above 19830
Invalid-Below 19780
T- 19925 20030
Bearish-Below 19700
Invalid-Above 19750
T- 19614 19540
NIFTY has closed almost on a flat note with 0.14% slight gain. It has formed a bullish Pinbar candle in daily TF. So above today's high it can give good bullish move. Next stop looks near 19925 above 19825. 19700 will be a crucial level for short consideration. However if 19750 is broken then bears will start to take charge. Momentum looks dead till we close this month at a decisive point.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19925 and 20030.
For selling we need a 15 Min candle close below 19700. T- 19614 and 19540.
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.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.