NIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 20040
Invalid-Below 19990
T- 20145 20250
Bearish-Below 19910
Invalid-Above 19960
T- 19810 19710
NIFTY has closed on an absolute flat note today. It was huge commotion today due to profit booking after a big gap up opening. As per trade setup 10 o'clock range was to be used. Range did not break any side. Tomorrow's closing will be interesting to watch in which sentiment, near day high or low it will close. In case of a gap down opening near 19800, it can find an immediate support, the gap support. It has to be validated by bullish price action in small TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20040 then we will long for the target of 20145 and 20250.
For selling we need a 15 Min candle close below 19910. T- 19810 and 19710.
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.
Bullish-Above 20040
Invalid-Below 19990
T- 20145 20250
Bearish-Below 19910
Invalid-Above 19960
T- 19810 19710
NIFTY has closed on an absolute flat note today. It was huge commotion today due to profit booking after a big gap up opening. As per trade setup 10 o'clock range was to be used. Range did not break any side. Tomorrow's closing will be interesting to watch in which sentiment, near day high or low it will close. In case of a gap down opening near 19800, it can find an immediate support, the gap support. It has to be validated by bullish price action in small TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20040 then we will long for the target of 20145 and 20250.
For selling we need a 15 Min candle close below 19910. T- 19810 and 19710.
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.
