NIFTY Intraday Trade Setup For 15 Oct 2024
NIFTY Intraday Trade Setup For 15 Oct 2024
Bullish-Above 25160
Invalid-Below 25110
T- 25470
Bearish-Below 25000
Invalid-Above 25050
T- 24790
NIFTY has closed on a bullish note with 0.66% gain today. Index has regained 50 EMA after a week and closed above PDH. Chances of bullish continuation as per previous bullish pick-up behaviour. Above 25160 index likely to close on a bullish note tomorrow. Below 25k index will be bearish again.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25160 then we will long for the target of 25470.
For selling we need a 15 Min candle close below 25k. T- 24790.
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 25160
Invalid-Below 25110
T- 25470
Bearish-Below 25000
Invalid-Above 25050
T- 24790
NIFTY has closed on a bullish note with 0.66% gain today. Index has regained 50 EMA after a week and closed above PDH. Chances of bullish continuation as per previous bullish pick-up behaviour. Above 25160 index likely to close on a bullish note tomorrow. Below 25k index will be bearish again.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25160 then we will long for the target of 25470.
For selling we need a 15 Min candle close below 25k. T- 24790.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.