NIFTY Intraday Trade Setup For 23 Nov 2023

NSE:NIFTY   Nifty 50 Index
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.


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