NIFTY Intraday Trade Setup For 15 Sep 2023
Bullish-Above 20120
Invalid-Below 20070
T- 20200 20287
Bearish-Below 20040
Invalid-Above 20090
T- 19970 19900
NIFTY has closed on a with a slight of 0.16% gain today. It was a complete sellers expiry after 10 O'clock as it went in a range of 20100 and 20050 for the rest of the day. It opened with a slight gap up and buy triggered as per trade setup above 20115 which hit 50 points sl. BTW there was a slight gap up opening and 10 o'clock range broke downside below 20107 and gave around 50 points. Tomorrow's best trade will be on flat opening. Long trade from 19600 is intact a with TSL as PDL (CB).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20120 then we will long for the target of 20200 and 20287-305.
For selling we need a 15 min candle close below 20040. T- 19970 and 19900.
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 20120
Invalid-Below 20070
T- 20200 20287
Bearish-Below 20040
Invalid-Above 20090
T- 19970 19900
NIFTY has closed on a with a slight of 0.16% gain today. It was a complete sellers expiry after 10 O'clock as it went in a range of 20100 and 20050 for the rest of the day. It opened with a slight gap up and buy triggered as per trade setup above 20115 which hit 50 points sl. BTW there was a slight gap up opening and 10 o'clock range broke downside below 20107 and gave around 50 points. Tomorrow's best trade will be on flat opening. Long trade from 19600 is intact a with TSL as PDL (CB).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20120 then we will long for the target of 20200 and 20287-305.
For selling we need a 15 min candle close below 20040. T- 19970 and 19900.
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.
