NIFTY Intraday Trade Setup For 13 Mar 2024
Bullish-Above 22460
Invalid-Below 22410
T- 22665
Bearish-Below 22250
Invalid-Above 22300
T- 22090 21900
NIFTY has closed on an absolute flat note today. It was trading between Mars and Moon but eventually landed on Earth. Till the time index is trading between the parallel channel in daily TF momentum is going to shrink and filled with random moves. Wait for this pattern either side to get a tradable market with VIX above 15. Tomorrow 22460 and 22250 are important levels for watch out for breakout. If index trades between this range then I will not touch it as directional purpose.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22460 then we will long for the target of 22660.
For selling we need a 15 Min candle close below 22250. T- 22090 and 21900.
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 22460
Invalid-Below 22410
T- 22665
Bearish-Below 22250
Invalid-Above 22300
T- 22090 21900
NIFTY has closed on an absolute flat note today. It was trading between Mars and Moon but eventually landed on Earth. Till the time index is trading between the parallel channel in daily TF momentum is going to shrink and filled with random moves. Wait for this pattern either side to get a tradable market with VIX above 15. Tomorrow 22460 and 22250 are important levels for watch out for breakout. If index trades between this range then I will not touch it as directional purpose.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22460 then we will long for the target of 22660.
For selling we need a 15 Min candle close below 22250. T- 22090 and 21900.
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.
