NIFTY Intraday Trade Setup For 20 Jan 2025
NIFTY Intraday Trade Setup For 20 Jan 2025
Bullish-Above 23320
Invalid-Below 23270
T- 23500+
Bearish-Below 23090
Invalid-Above 23140
T- 23850
NIFTY has closed on a bearish note with almost 1% cut last week. Weekly candle is a doji which can act as a continuation or reversal based on breakout of either high or low. In case low is broken then journey towards 21700 zone as per ABCD will proceed. In case 23400 is reclaimed then there will be a reversal scenario. 23320 and 23090 are Intraday levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23320 then we will long for the target of 23510. Pullback needed before breakout.
For selling we need a 15 Min candle close below 23090. T- 22850.
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 23320
Invalid-Below 23270
T- 23500+
Bearish-Below 23090
Invalid-Above 23140
T- 23850
NIFTY has closed on a bearish note with almost 1% cut last week. Weekly candle is a doji which can act as a continuation or reversal based on breakout of either high or low. In case low is broken then journey towards 21700 zone as per ABCD will proceed. In case 23400 is reclaimed then there will be a reversal scenario. 23320 and 23090 are Intraday levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23320 then we will long for the target of 23510. Pullback needed before breakout.
For selling we need a 15 Min candle close below 23090. T- 22850.
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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