NIFTY Intraday Trade Setup For 18 Sep 2024
NIFTY Intraday Trade Setup For 18 Sep 2024
Bullish-Above 25450
Invalid-Below 25400
T- 25630
Bearish-Below 25310
Invalid-Above 25360
T- 25100
NIFTY has closed almost on a flat note with minor gain of 0.14% today. Since last three sessions index is just sideways within 150 points small range. Index is just consolidating after ATH breakout. Now above 25450 index should trend in the higher side, no comments on momentum as it has passed away months ago. Below 25300 index should start a bearish action.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25450 then we will long for the target of 25630.
For selling we need a 15 Min candle close below 25300. T- 25100.
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 25450
Invalid-Below 25400
T- 25630
Bearish-Below 25310
Invalid-Above 25360
T- 25100
NIFTY has closed almost on a flat note with minor gain of 0.14% today. Since last three sessions index is just sideways within 150 points small range. Index is just consolidating after ATH breakout. Now above 25450 index should trend in the higher side, no comments on momentum as it has passed away months ago. Below 25300 index should start a bearish action.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25450 then we will long for the target of 25630.
For selling we need a 15 Min candle close below 25300. T- 25100.
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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