NIFTY Intraday Trade Setup For 21 Aug 2023
Bullish-Above 19380
Invalid-Below 19330
T- 19480 19570
Bearish-Below 19250
Invalid-Above 19300
T- 19133 19020
NIFTY has closed with slight bearish sentiment last week with 0.61% cut. Our swing short has been planned on 30 Jul. Our short level is 19560 and till now it is standing with more than 1:1 gain. Our target is already discussed multiple time which is near 18750 zone. Below 19280 we will get the next round of selling. No plan of buying till we get a bullish price structure in hourly and daily TF. As of now 19500 looks a important swing high as a reversal point.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19480 and 19570.
For selling we need a 15 Min candle close below 19250. T- 19133 and 19020.
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 19380
Invalid-Below 19330
T- 19480 19570
Bearish-Below 19250
Invalid-Above 19300
T- 19133 19020
NIFTY has closed with slight bearish sentiment last week with 0.61% cut. Our swing short has been planned on 30 Jul. Our short level is 19560 and till now it is standing with more than 1:1 gain. Our target is already discussed multiple time which is near 18750 zone. Below 19280 we will get the next round of selling. No plan of buying till we get a bullish price structure in hourly and daily TF. As of now 19500 looks a important swing high as a reversal point.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19480 and 19570.
For selling we need a 15 Min candle close below 19250. T- 19133 and 19020.
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.
