NIFTY Intraday Trade Setup For 02 Nov 2023
Bullish-Above 19070
Invalid-Below 19020
T- 19173 19280
Bearish-Below 18970
Invalid-Above 19020
T- 18890 18798
NIFTY has closed once again on a bearish note with 0.47% cut today. Sell triggered as per trade setup below 19050 and gave around 70 points however our target was yet to be achieved. Tomorrow once again bearish move will continue below 18790 and it will move towards 18798. For a bullish move it has to sustain above 19070 post pullback. Also yesterday I explained that probability of a halt candle is high this week.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19070 then we will long. T- 19173 and 19280.
For selling we need a 15 Min candle close below 18970. T- 18890 and 18798.
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 19070
Invalid-Below 19020
T- 19173 19280
Bearish-Below 18970
Invalid-Above 19020
T- 18890 18798
NIFTY has closed once again on a bearish note with 0.47% cut today. Sell triggered as per trade setup below 19050 and gave around 70 points however our target was yet to be achieved. Tomorrow once again bearish move will continue below 18790 and it will move towards 18798. For a bullish move it has to sustain above 19070 post pullback. Also yesterday I explained that probability of a halt candle is high this week.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19070 then we will long. T- 19173 and 19280.
For selling we need a 15 Min candle close below 18970. T- 18890 and 18798.
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.
