NIFTY Intraday Trade Setup For 28 Nov 2023
Bullish-Above 19880
Invalid-Below 19830
T- 20010 20135
Bearish-Below 19760
Invalid-Above 19810
T- 19655 19540
NIFTY has closed almost on a flat note with 0.32% gain. It was just sideways and compressed the whole week. It has formed an inside candle in daily TF near previous major swing. So above 19880 we will give next round of up move towards a fresh ATH. Also sellers presence have been seen near 19880. A double force move can be seen on breakout. For a good down move 19700 is the level to watch for breakout. 19880 and 149760 are major levels for Tuesday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 20010 and 20135.
For selling we need a 15 Min candle close below 19760. T- 19655 and 19540.
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 19880
Invalid-Below 19830
T- 20010 20135
Bearish-Below 19760
Invalid-Above 19810
T- 19655 19540
NIFTY has closed almost on a flat note with 0.32% gain. It was just sideways and compressed the whole week. It has formed an inside candle in daily TF near previous major swing. So above 19880 we will give next round of up move towards a fresh ATH. Also sellers presence have been seen near 19880. A double force move can be seen on breakout. For a good down move 19700 is the level to watch for breakout. 19880 and 149760 are major levels for Tuesday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 20010 and 20135.
For selling we need a 15 Min candle close below 19760. T- 19655 and 19540.
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.
