NIFTY Intraday Trade Setup For 27 Oct 2023 || Daily Analysis
NIFTY Intraday Trade Setup For 27 Oct 2023
Buy-Above 18905
Invalid-Below 18855
T- 19050
Bearish-Below 18830
Invalid-Above 18880
T- 18730 18595
NIFTY has closed once again closed on a complete bearish note with 1.39% cut today. Our weekend planning was simple where we found that 19500 was a major level for a downside trigger. Another day where gains added in our swing sell position. Now it has came near our 1st target zone- 18800. We will book here if we get a bullish price action. Also tomorrow be very strict in trailing after sell is triggered, trail sl to day high near 18840 after sell triggers. If it sustains above 18905 then very easily it can retest 19000 as how it fell it will recover.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18905 then we will long for the target of 19050, ride with trailing.
For selling we need a 15 Min candle close below 18830. T- 18730 and 18595.
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.
Buy-Above 18905
Invalid-Below 18855
T- 19050
Bearish-Below 18830
Invalid-Above 18880
T- 18730 18595
NIFTY has closed once again closed on a complete bearish note with 1.39% cut today. Our weekend planning was simple where we found that 19500 was a major level for a downside trigger. Another day where gains added in our swing sell position. Now it has came near our 1st target zone- 18800. We will book here if we get a bullish price action. Also tomorrow be very strict in trailing after sell is triggered, trail sl to day high near 18840 after sell triggers. If it sustains above 18905 then very easily it can retest 19000 as how it fell it will recover.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18905 then we will long for the target of 19050, ride with trailing.
For selling we need a 15 Min candle close below 18830. T- 18730 and 18595.
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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