NIFTY Intraday Trade Setup For 01 Nov 2023
NIFTY Intraday Trade Setup For 01 Nov 2023
Bullish- Above 19150
Invalid-Below 19100
T- 19260 19360
Bearish-Below 19050
Invalid-Above 19150
T- 18920 19815
NIFTY has closed on a slight bearish note with 0.32% cut today. It was a 0.382 rejection of the parabolic fall from 19850. Now 19250 will be an important swing in hourly TF for a bullish reversal structure. Probability of a halt candle this week is high where idle range seems to be 19350 and 18850. 19150 and 19050 are important levels for tomorrow's session. 19280 and 18920 are important resistance and support respectively.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19150 then we will long for the target of 19259 and 19360.
For selling we need a 15 Min candle close below 19050. T- 18920 and 18815.
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 19150
Invalid-Below 19100
T- 19260 19360
Bearish-Below 19050
Invalid-Above 19150
T- 18920 19815
NIFTY has closed on a slight bearish note with 0.32% cut today. It was a 0.382 rejection of the parabolic fall from 19850. Now 19250 will be an important swing in hourly TF for a bullish reversal structure. Probability of a halt candle this week is high where idle range seems to be 19350 and 18850. 19150 and 19050 are important levels for tomorrow's session. 19280 and 18920 are important resistance and support respectively.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19150 then we will long for the target of 19259 and 19360.
For selling we need a 15 Min candle close below 19050. T- 18920 and 18815.
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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