NIFTY Intraday Trade Setup For 26 Mar 2024
Bullish-Above 22210
Invalid-Below 22160
T- 22455
Bearish-Below 22015
Invalid-Above 22065
T- 21880 21700
NIFTY has closed with a slight bullish sentiment last week with 0.33% gain. Index is still in trading sideway. Fresh bearish price action will be seen below 21700 now. There can be bull's grip if give breakout of 22250 in hourly TF, it is nothing but 0.618 upper zone taken from ATH. Below 22015 internal structure will once again turn bearish clear downside move can be seen. Between 22210 and 22010 approach will be non-directional.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then we will long for the target of 22455.
For selling we need a 15 Min candle close below 22015. T- 21880 and 21710.
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 22210
Invalid-Below 22160
T- 22455
Bearish-Below 22015
Invalid-Above 22065
T- 21880 21700
NIFTY has closed with a slight bullish sentiment last week with 0.33% gain. Index is still in trading sideway. Fresh bearish price action will be seen below 21700 now. There can be bull's grip if give breakout of 22250 in hourly TF, it is nothing but 0.618 upper zone taken from ATH. Below 22015 internal structure will once again turn bearish clear downside move can be seen. Between 22210 and 22010 approach will be non-directional.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then we will long for the target of 22455.
For selling we need a 15 Min candle close below 22015. T- 21880 and 21710.
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.