NIFTY Intraday Trade Setup For 10 Oct 2023 || Daily Analysis
NIFTY Intraday Trade Setup For 10 Oct 2023
Bullish-Above 19590
Invalid-Below 19540
T- 19693 19800
Bearish-Below 19480
Invalid-Above 19530
T-19368 19270
NIFTY has closed on a bearish note with 0.72% cut , it was contributed by the Mid East issue. In the weekend itself we expected a down move as per 0.382 in hourly TF 0.85% effect in 15 Min TF. 19500 was projected as a strong support. Today 19500 was respected and it bounced till 19588 vigorously. Later it just consolidated between 10 o'clock range and it was untouched. Tomorrow we will be neutral and take action on 19590 and 19480 breakout.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19590 then we will long for the target of 19693 and 19800.
For selling we need a 15 min candle close below 19480. T- 19368 and 19270.
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 19590
Invalid-Below 19540
T- 19693 19800
Bearish-Below 19480
Invalid-Above 19530
T-19368 19270
NIFTY has closed on a bearish note with 0.72% cut , it was contributed by the Mid East issue. In the weekend itself we expected a down move as per 0.382 in hourly TF 0.85% effect in 15 Min TF. 19500 was projected as a strong support. Today 19500 was respected and it bounced till 19588 vigorously. Later it just consolidated between 10 o'clock range and it was untouched. Tomorrow we will be neutral and take action on 19590 and 19480 breakout.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19590 then we will long for the target of 19693 and 19800.
For selling we need a 15 min candle close below 19480. T- 19368 and 19270.
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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