NIFTY Intraday Trade Setup For 15 Dec 2023
bullish-Above 21220
Invalid-Below 21170
T- 21350 21510
Bearish-Below 21110
Invalid-Above 21160
T- 21004 20899
NIFTY has closed on a bold bullish note once again with 1.23% gain today. While 70% gain is contributed through gap up. 10 o'clock range was to be used as per analysis. Range broke upside above 21190 and last swing low was 21147. Trade gave a very small move in favor and closed at cost EOD. Tomorrow 21110 may act as an intraday support but after support validation if it breaks the same then intraday sell off is possible. Above 21220 on flat opening we will simply head higher.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 21220 then we will long for the target of 21350 and 21510.
For selling we need a 15 Min candle close below 21110. T- 21004 and 20899.
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 21220
Invalid-Below 21170
T- 21350 21510
Bearish-Below 21110
Invalid-Above 21160
T- 21004 20899
NIFTY has closed on a bold bullish note once again with 1.23% gain today. While 70% gain is contributed through gap up. 10 o'clock range was to be used as per analysis. Range broke upside above 21190 and last swing low was 21147. Trade gave a very small move in favor and closed at cost EOD. Tomorrow 21110 may act as an intraday support but after support validation if it breaks the same then intraday sell off is possible. Above 21220 on flat opening we will simply head higher.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 21220 then we will long for the target of 21350 and 21510.
For selling we need a 15 Min candle close below 21110. T- 21004 and 20899.
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.
