NIFTY Intraday Trade Setup For 10 Aug 2023
Bullish-Above 19650
Invalid-Below 19600
T- 19745 19843
Bearish-Below 19465
Invalid-Above 19515
T- 19375 19280
NIFTY has closed on a bullish note with 0.32% gain today. It has formed a Pin bar candle in daily TF so we can expect some more bullish momentum above 19650, if sustained post 10o'clock or in 15 Min TF. Today it opened flat and sell triggered as per trade setup and gave more than 1:1 gain later it formed reversed structure and reversed. In case of a gap down 19535 zone will act as a support. For a trendy short we have to wait for 19465 breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19843.
For selling we need a 15 Min candle close below 19465. T- 19375 and 19280.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bullish-Above 19650
Invalid-Below 19600
T- 19745 19843
Bearish-Below 19465
Invalid-Above 19515
T- 19375 19280
NIFTY has closed on a bullish note with 0.32% gain today. It has formed a Pin bar candle in daily TF so we can expect some more bullish momentum above 19650, if sustained post 10o'clock or in 15 Min TF. Today it opened flat and sell triggered as per trade setup and gave more than 1:1 gain later it formed reversed structure and reversed. In case of a gap down 19535 zone will act as a support. For a trendy short we have to wait for 19465 breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19650 then we will long for the target of 19745 and 19843.
For selling we need a 15 Min candle close below 19465. T- 19375 and 19280.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
