NIFTY Intraday Trade Setup For 25 Jun 2024
Bullish-Above 23570
Invalid-Below 23520
T- 23745
Bearish-below 23350
Invalid-Above 23400
T- 23185
NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745.
For selling we need a 15 Min candle close below 23350. T- 23185.
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.
Bullish-Above 23570
Invalid-Below 23520
T- 23745
Bearish-below 23350
Invalid-Above 23400
T- 23185
NIFTY has closed on a slight positive note today with 0.16% gain. It opened gap down and tested the support or sell level immediately. However 10 o'clock range was to be used as per trade setup, range broke upside above 23450 and gave a good move till 23550. I feel like the trend is missing and one should wait for clear price action in daily TF for a trend in short term. 23570 and 23350 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23570 then we will long for the target of 23745.
For selling we need a 15 Min candle close below 23350. T- 23185.
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.
