NIFTY Intraday Trade Setup For 12 Jul 2024
NIFTY Intraday Trade Setup For 12 Jul 2024
Bullish-Above 24470
Invalid-Below 24420
T- 24595
Bearish-Below 24190
Invalid-Above 24240
T- 24030
NIFTY has closed on an absolute flat note today. It opened with a gap up of 70 points and 10 o'clock range broke downside below 24310 and made a low of 24190. It has formed an inside candle, possibly suggesting a consolidation before any big now. Also a triangular consolidation is in formation, breakout will give us possible hint of direction. However our key levels will be trade points- 24470 and 24190.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24470 then we will long for the target of 24595.
For selling we need a 15 Min candle close below 24190. T- 24030.
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 24470
Invalid-Below 24420
T- 24595
Bearish-Below 24190
Invalid-Above 24240
T- 24030
NIFTY has closed on an absolute flat note today. It opened with a gap up of 70 points and 10 o'clock range broke downside below 24310 and made a low of 24190. It has formed an inside candle, possibly suggesting a consolidation before any big now. Also a triangular consolidation is in formation, breakout will give us possible hint of direction. However our key levels will be trade points- 24470 and 24190.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24470 then we will long for the target of 24595.
For selling we need a 15 Min candle close below 24190. T- 24030.
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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