NIFTY Intraday Trade Setup For 08 Nov 2023
Bullish-Above 19430
Invalid-Below 19380
T- 19540 19645
Bearish-Below 19320
Invalid-Above 19370
T- 19210 19115
NIFTY has closed on an absolute flat note today. It traded within 100 points range whole the day. After last hourly swing high 19235-50 was taken out it has given a good bullish reversal move. Tomorrow 19430 and 19320 is the range to look for breakout to trade the directional move or else it will once again zoned intraday. High probability trade looks in bullish side if it is triggered.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19430 then we will long for the target of 19540 and 19645.
For selling we need a 15 min candle close below 19320. T- 19210 and 19115.
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.
Bullish-Above 19430
Invalid-Below 19380
T- 19540 19645
Bearish-Below 19320
Invalid-Above 19370
T- 19210 19115
NIFTY has closed on an absolute flat note today. It traded within 100 points range whole the day. After last hourly swing high 19235-50 was taken out it has given a good bullish reversal move. Tomorrow 19430 and 19320 is the range to look for breakout to trade the directional move or else it will once again zoned intraday. High probability trade looks in bullish side if it is triggered.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19430 then we will long for the target of 19540 and 19645.
For selling we need a 15 min candle close below 19320. T- 19210 and 19115.
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.
