NIFTY Intraday Trade Setup For 18 Dec 2024
NIFTY Intraday Trade Setup For 18 Dec 2024
Sell_1- From 24590
Invalid-Above 24640
T- 24400
Sell_2-Below 24300
Invalid-Above 24350
T- 24000
NIFTY has closed on a bearish note with 1.35% cut today. Yesterday we discussed that index will be bearish below 24570 and exact mentioned target of 24310 was met. Now index may continue bearish move. A good short below 24300 in case of flat opening. If at all it gaps up then 24590 will be intraday resistance as per half bat.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24300 then we will short for the target of 24k.
24590 will be pullback short level in case 24300 is safe. T- 24400.
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.
Sell_1- From 24590
Invalid-Above 24640
T- 24400
Sell_2-Below 24300
Invalid-Above 24350
T- 24000
NIFTY has closed on a bearish note with 1.35% cut today. Yesterday we discussed that index will be bearish below 24570 and exact mentioned target of 24310 was met. Now index may continue bearish move. A good short below 24300 in case of flat opening. If at all it gaps up then 24590 will be intraday resistance as per half bat.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24300 then we will short for the target of 24k.
24590 will be pullback short level in case 24300 is safe. T- 24400.
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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