NIFTY Intraday Trade Setup For 30 Jan 2024
Bullish-Above 21770
Invalid-Above 21720
T- 21910 22058
Bearish-Below 21550
Invalid-Above 21600
T- 21335
NIFTY has closed on a bold bullish note with 1.8% gain today. It was backed mainly by Reliance which closed at ATH. It opened slight gap up and buy triggered as per trade setup. 10 o'clock range broke upside above 21590, last swing low/risk was 21550. It gave a non stop move till 21760. Tomorrow if at all there is a gap up then possibility of a overall range bound market will be high. In case it opens flat and tests 21550 then it can find support here.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 21910 and 22058.
For selling we need a 15 Min candle close below 21550. T- 21335.
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 21770
Invalid-Above 21720
T- 21910 22058
Bearish-Below 21550
Invalid-Above 21600
T- 21335
NIFTY has closed on a bold bullish note with 1.8% gain today. It was backed mainly by Reliance which closed at ATH. It opened slight gap up and buy triggered as per trade setup. 10 o'clock range broke upside above 21590, last swing low/risk was 21550. It gave a non stop move till 21760. Tomorrow if at all there is a gap up then possibility of a overall range bound market will be high. In case it opens flat and tests 21550 then it can find support here.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21770 then we will long for the target of 21910 and 22058.
For selling we need a 15 Min candle close below 21550. T- 21335.
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.
