NIFTY Intraday Trade Setup For 23 Dec 2024
NIFTY Intraday Trade Setup For 23 Dec 2024
Sell_1- From 23970
Invalid-Above 24020
T- 23700
Sell_2-Below 23530
Invalid-Above 23580
T- 23230
NIFTY has closed on a bold bearish note with 4.77% cut last week. Last weekend we discussed that index will be buy on dips till index is above 50 EMA in daily TF. On 17 Dec it closed below that. We will still maintain sell on rise approach till it is below 50 EMA and till it closes below previous day low in daily TF. If tomorrow's 10 o'clock range breaks in the upside then chance of rebound is there so keep an eye.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 23530 then we will short for the target of 23230.
In case 23970 is tested then we will short from there. T- 23700.
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.
Sell_1- From 23970
Invalid-Above 24020
T- 23700
Sell_2-Below 23530
Invalid-Above 23580
T- 23230
NIFTY has closed on a bold bearish note with 4.77% cut last week. Last weekend we discussed that index will be buy on dips till index is above 50 EMA in daily TF. On 17 Dec it closed below that. We will still maintain sell on rise approach till it is below 50 EMA and till it closes below previous day low in daily TF. If tomorrow's 10 o'clock range breaks in the upside then chance of rebound is there so keep an eye.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 23530 then we will short for the target of 23230.
In case 23970 is tested then we will short from there. T- 23700.
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.
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