NIFTY Intraday Trade Setup For 14 Aug 2023
Bullish-Above 19495
Invalid-Below 19445
T- 19575 19655
Bearish-Below 19410
Invalid-Above 19460
T- 19285 19175
NIFTY has closed on a slight bearish sentiment last week and day with 0.45% and 0.59% cut respectively. Last week we planned that we will re-enter the short trade below 19560 if triggered again. Now this is active, targets are already discussed which is near 18750 zone. It is likely to go in flow below 19290 if closed in daily TF. As of now index is in decline phase where it will be sideways-bearish. No planning of buy till we get a previous swing high breakout in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19495 then we will long for the target of 19575 and 19655.
For selling we need a 15 Min candle close below 19410. T-v19285 and 19175.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bullish-Above 19495
Invalid-Below 19445
T- 19575 19655
Bearish-Below 19410
Invalid-Above 19460
T- 19285 19175
NIFTY has closed on a slight bearish sentiment last week and day with 0.45% and 0.59% cut respectively. Last week we planned that we will re-enter the short trade below 19560 if triggered again. Now this is active, targets are already discussed which is near 18750 zone. It is likely to go in flow below 19290 if closed in daily TF. As of now index is in decline phase where it will be sideways-bearish. No planning of buy till we get a previous swing high breakout in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19495 then we will long for the target of 19575 and 19655.
For selling we need a 15 Min candle close below 19410. T-v19285 and 19175.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
