NIFTY Intraday Trade Setup For 25 Jan 2024
Bullish-Above 21490
Invalid-Above 21440
T- 21685 21930
Bearish-Below 21210
Invalid-Above 21260
T- 20975 20765
NIFTY has closed on a bullish note with 1% gain today. Yesterday in the trade setup we discussed in detail that there is a possibility of a up move or a pullback of the impulsive down move. Idea came into action today as expected. It opened with a minor cut and pullback was initiated. Now if there is a gap up tomorrow above 21690 then possibility of being sold into will be high tomorrow. Its still sell on rise market as of now. Volatility has increased significantly so reduce position sizing and focus only on quality trades.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21490 then we will long for the target of 21685 and 21930.
For selling we need a 15 Min candle close below 21210. T- 20975 and 20765.
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 21490
Invalid-Above 21440
T- 21685 21930
Bearish-Below 21210
Invalid-Above 21260
T- 20975 20765
NIFTY has closed on a bullish note with 1% gain today. Yesterday in the trade setup we discussed in detail that there is a possibility of a up move or a pullback of the impulsive down move. Idea came into action today as expected. It opened with a minor cut and pullback was initiated. Now if there is a gap up tomorrow above 21690 then possibility of being sold into will be high tomorrow. Its still sell on rise market as of now. Volatility has increased significantly so reduce position sizing and focus only on quality trades.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21490 then we will long for the target of 21685 and 21930.
For selling we need a 15 Min candle close below 21210. T- 20975 and 20765.
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.
