NIFTY Intraday Trade Setup For 08 Sep 2023
Bullish-Above 19740
Invalid-Below 19690
T- 19840 19935
Bearish-Below 19640
Invalid-Above 19690
T- 19525 19415
NIFTY has closed on a bullish note with 0.59% gain. After our positional short trade was cut at cost when it closed above 19500 it was said that now index is bullish. After 19500 was closed in daily TF index has inched higher and is moving towards 20k. Today buy triggered as per trade setup above 19640 and 1st target was hit very smoothly via a short covering move (19640-19737). Tomorrow kindly be strict in trailing positions for both side trades.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19740 then we will long for the target of 19840 and 19935.
For selling we need a 15 Min candle close below 19640. T- 19525 and 19415.
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.
Bullish-Above 19740
Invalid-Below 19690
T- 19840 19935
Bearish-Below 19640
Invalid-Above 19690
T- 19525 19415
NIFTY has closed on a bullish note with 0.59% gain. After our positional short trade was cut at cost when it closed above 19500 it was said that now index is bullish. After 19500 was closed in daily TF index has inched higher and is moving towards 20k. Today buy triggered as per trade setup above 19640 and 1st target was hit very smoothly via a short covering move (19640-19737). Tomorrow kindly be strict in trailing positions for both side trades.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19740 then we will long for the target of 19840 and 19935.
For selling we need a 15 Min candle close below 19640. T- 19525 and 19415.
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.
