NIFTY Intraday Trade Setup For 21 Sep 2023
Bullish-Above 19970
Invalid-Below 19920
T- 20050
Bearish-Below 19870
Invalid-Above 19920
T- 19790 19685
NIFTY has closed on a bearish sentiment with more than 1% cut today. It opened with a big gap down and as per our trade setup 10 o'clock range was to be used. Range broke downside below 19968 and last swing high was 20018. With 50 points risk/sl it gave around 90 points gain till 19879. Tomorrow chances of recovery is high so if it sustains above 19950 take 19770 as confirmation for a full recovery. 20055 and 19685 are important resistance and support respectively for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and and 15 Min candle closes above 19970 then we will long for the target of 20055.
For selling we need a 15 min candle close below 19870. T- 19790 and 19685.
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 19970
Invalid-Below 19920
T- 20050
Bearish-Below 19870
Invalid-Above 19920
T- 19790 19685
NIFTY has closed on a bearish sentiment with more than 1% cut today. It opened with a big gap down and as per our trade setup 10 o'clock range was to be used. Range broke downside below 19968 and last swing high was 20018. With 50 points risk/sl it gave around 90 points gain till 19879. Tomorrow chances of recovery is high so if it sustains above 19950 take 19770 as confirmation for a full recovery. 20055 and 19685 are important resistance and support respectively for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and and 15 Min candle closes above 19970 then we will long for the target of 20055.
For selling we need a 15 min candle close below 19870. T- 19790 and 19685.
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.
