NIFTY Intraday Trade Setup For 27 Dec 2023
Bullish-Above 21480
Invalid-Below 21430
T- 21650 21800
Bearish-Below 21390
Invalid-Above 21440
T- 21230 21060
NIFTY has closed on a positive note with 0.43% gain today. Buy triggered as per trade setup above 21400 and gave 75 points gain in favor till 10:30 A.M and later turned complete sideways within 70 points range near 0.786 zone. It has broke 21400 so as per weekend analysis it is ready for a fresh ATH. Above 21480 tomorrow we are likely to get a good upside move with momentum. Important resistance lies near 21800 zone. Below 21390 there is a chance of NIFTY sliding towards 21200 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21480 then we will long for the target of 21650 and 21800.
For selling we need a 15 Min candle close below 21390. T- 21230 and 21060.
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 21480
Invalid-Below 21430
T- 21650 21800
Bearish-Below 21390
Invalid-Above 21440
T- 21230 21060
NIFTY has closed on a positive note with 0.43% gain today. Buy triggered as per trade setup above 21400 and gave 75 points gain in favor till 10:30 A.M and later turned complete sideways within 70 points range near 0.786 zone. It has broke 21400 so as per weekend analysis it is ready for a fresh ATH. Above 21480 tomorrow we are likely to get a good upside move with momentum. Important resistance lies near 21800 zone. Below 21390 there is a chance of NIFTY sliding towards 21200 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21480 then we will long for the target of 21650 and 21800.
For selling we need a 15 Min candle close below 21390. T- 21230 and 21060.
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.
