NIFTY Intraday Trade Setup For 06 Dec 2023
Bullish-Above 20870
Invalid-Below 20820
T- 21020 21168
Bearish-Below 20730
Invalid-Above 20780
T- 20593 20419
NIFTY has closed on a bullish note once again and one more great day added in our long favor. We have already longed from 19880 as per the analysis on 27 Nov. Till now it has given 950+ points gain (19880-20864). Index's momentum will take an halt when our opted TSL which is daily candle close below PDL and that red candle's low breach will be triggered. Above 20870 there can be good intraday momentum in intraday on a flat opening. Index will be bearish below 20730.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20870 then we will long for the target of 21020 and 21168.
For selling we need a 15 Min candle close below 20730. T- 20593 and 20419.
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 20870
Invalid-Below 20820
T- 21020 21168
Bearish-Below 20730
Invalid-Above 20780
T- 20593 20419
NIFTY has closed on a bullish note once again and one more great day added in our long favor. We have already longed from 19880 as per the analysis on 27 Nov. Till now it has given 950+ points gain (19880-20864). Index's momentum will take an halt when our opted TSL which is daily candle close below PDL and that red candle's low breach will be triggered. Above 20870 there can be good intraday momentum in intraday on a flat opening. Index will be bearish below 20730.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20870 then we will long for the target of 21020 and 21168.
For selling we need a 15 Min candle close below 20730. T- 20593 and 20419.
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.
