NIFTY Intraday Trade Setup For 19 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19940
Bearish-Below 19650
Invalid-Above 19700
T- 19555 19435
NIFTY has closed on a complete bearish note with 0.71% cut today. It opened flat and sell triggered below 19770 as per trade setup. Trade hit our 1st target very smoothly and gave more than 100 points gain till 19660. Tomorrow if index opens flat or with a very slight cut then it will be another big red candle just below today's low. In case it opens with a gap up then probability of a trendy move downside is less. Best opening trade will be in short side below 19659 on a flat opening.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19730 then we will long for the target of 19830 and 19940 above 19850.
For selling we need a 15 Min candle close below 19650. T- 19555 and 19435.
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 19730
Invalid-Below 19680
T- 19830 19940
Bearish-Below 19650
Invalid-Above 19700
T- 19555 19435
NIFTY has closed on a complete bearish note with 0.71% cut today. It opened flat and sell triggered below 19770 as per trade setup. Trade hit our 1st target very smoothly and gave more than 100 points gain till 19660. Tomorrow if index opens flat or with a very slight cut then it will be another big red candle just below today's low. In case it opens with a gap up then probability of a trendy move downside is less. Best opening trade will be in short side below 19659 on a flat opening.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 19730 then we will long for the target of 19830 and 19940 above 19850.
For selling we need a 15 Min candle close below 19650. T- 19555 and 19435.
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.
