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NIFTY Intraday Trade Setup For 26 Apr 2024

Nifty 50 Index (NSE:NIFTY)  
Omahto  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Chart Patterns NIFTY niftyanalysis niftyforecast niftyprediction niftyintradaytradesetup niftyintradaylevels niftylevels nifty50 niftytrend
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NIFTY Intraday Trade Setup For 26 Apr 2024

Bullish-Above 22630
Invalid-Below 22580
T- 22810

Bearish-Below 22450
Invalid-Above 22500
T- 22295

NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this rising parallel channel in daily TF. 22465 will act as a support and one can have a bullish plan from this level. Best trade will be opening below 22625 and then breakout of 22630.

Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50.

For selling we need a 15 Min candle close below 22450. T- 22295.

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.

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