NIFTY Intraday Trade Setup For 09 Jan 2023
Sell_1- From 21660
Invalid-Above 21710
T- 21550 21400
Sell_2- Below 21490
Invalid-Above 21540
T- 21325 21160
NIFTY has closed on a bearish note with 0.91% cut today. It was bearish since starting and ended the day at day low. Sell triggered below 21620 as per trade setup which hit our 1st target (21620-21493). Bearish stance will continue tomorrow below today's low. Major hourly support lies near 21280- 21300. Will look for bullish reversal from this zone in 5 Min TF. Incase this support is not held then we may test 21160 which is less probable. Incase it opens flat or gap up 21660 will be intraday resistance.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 21490 then we will short for the target of 21325 and 21159.
2nd sell can be considered from 21660. T- 21550 21400.
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 21660
Invalid-Above 21710
T- 21550 21400
Sell_2- Below 21490
Invalid-Above 21540
T- 21325 21160
NIFTY has closed on a bearish note with 0.91% cut today. It was bearish since starting and ended the day at day low. Sell triggered below 21620 as per trade setup which hit our 1st target (21620-21493). Bearish stance will continue tomorrow below today's low. Major hourly support lies near 21280- 21300. Will look for bullish reversal from this zone in 5 Min TF. Incase this support is not held then we may test 21160 which is less probable. Incase it opens flat or gap up 21660 will be intraday resistance.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 21490 then we will short for the target of 21325 and 21159.
2nd sell can be considered from 21660. T- 21550 21400.
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.
Trade active:
Sell triggered @21660
21660-21603
21660-21603
