NIFTY Intraday Trade Setup For 05 Oct 2023 | Daily Analysis
NIFTY Intraday Trade Setup For 05 Oct 2023
Bullish-Above 19460
Invalid-Below 19410
T- 19585 19695
Bearish-Below 19330
Invalid-Above 19380
T- 19220 19105
NIFTY has closed with negative cut of 0.47% today but ended the day on a bullish note as it closed near day high. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 19375 and last swing high was 19408. It gave 40 points gain with 35 points risk. Tomorrow on a flat opening above today's high it can give a good bullish move to fill the gap initially and more. Below 19330 once again bearish sentiment will be on.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19585 and and 19695.
For selling we need a 15 Min candle close below 19330. T- 19220 and 19105.
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.
Bullish-Above 19460
Invalid-Below 19410
T- 19585 19695
Bearish-Below 19330
Invalid-Above 19380
T- 19220 19105
NIFTY has closed with negative cut of 0.47% today but ended the day on a bullish note as it closed near day high. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 19375 and last swing high was 19408. It gave 40 points gain with 35 points risk. Tomorrow on a flat opening above today's high it can give a good bullish move to fill the gap initially and more. Below 19330 once again bearish sentiment will be on.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19460 then we will long for the target of 19585 and and 19695.
For selling we need a 15 Min candle close below 19330. T- 19220 and 19105.
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.
