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NIFTY Intraday Trade Setup For 27 Dec 2023NIFTY Intraday Trade Setup For 27 Dec 2023 Bullish-Above 21480 Invalid-Below 21430 T- 21650 21800 Bearish-Below 21390 Invalid-Above 21440 T- 21230 21060 NIFTY has closed on a positive note with 0.43% gain today. Buy triggered as per trade setup above 21400 and gave 75 points gain in favor till 10:30 A.M and later turned complete sideways within 70 points range near 0.786 zone. It has broke 21400 so as per weekend analysis it is ready for a fresh ATH. Above 21480 tomorrow we are likely to get a good upside move with momentum. Important resistance lies near 21800 zone. Below 21390 there is a chance of NIFTY sliding towards 21200 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21480 then we will long for the target of 21650 and 21800. For selling we need a 15 Min candle close below 21390. T- 21230 and 21060. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 26 Dec 2023NIFTY Intraday Trade Setup For 26 Dec 2023 Bullish-Above 21400 Invalid-Below 21350 T- 21550 21710 Bearish-Below 21230 Invalid-Above 21280 T- 21058 20905 NIFTY has formed a halt candle after 7 weeks. It is very obvious after a strong rally, pullbacks are common. 21600 is a short term top formed and next leg of rally will be triggered above that. In hourly TF below 20970, pullback cum down move will be extended till further lower levels. However 20750 will act as a very strong support in the downside. In 15 Min TF it has retraced till 0.618 of the fall. Now both possibility opens up, 21400 will give us a bullish structure once again and propel markets to fresh ATH. Below 21230 the pullback move will get triggered. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21400 then we will long for the target of 21550 and 21707. For selling we need a 15 Min candle close below 21230. T- 21058 and 20905. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 22 Dec 2023NIFTY Intraday Trade Setup For 22 Dec 2023 Bullish-Above 21290 Invalid-Below 21240 T- 21465 21620 Bearish-Below 21110 Invalid-Above 21160 T- 20950 20770 NIFTY has closed on a bullish note today with 0.5% gain. It opened gap down and as per analysis 10 o'clock range was to be used and range broke upside above 21096 and gave a good move till 21288. Sell would have been effective only on flat/mild positive opening which did not happen and did not favor bears. Tomorrow above 21290 we can give a very good move till 21465 and that will be an intraday resistance. Below 21110 we will short. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21290 then we will long for the target of 21465 and 21620. For selling we need a 15 Min candle close below 21110. T- 20950 and 20770. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 21 Dec 2023NIFTY Intraday Trade Setup For 21 Dec 2023 Bullish-Above 21230 Invalid-Below 21180 T- 21400 Bearish-Below 21070 Invalid-Above 21120 T- 20920 20770 NIFTY has closed on a bold bearish note after months. It has formed an clear cut bearish engulfing candle in daily charts with 1.41% cut. It looks like NIFTY has formed a short term top at 21600. Next important support level seems near 20750-70. We will pan bullish view from there if we get a bullish price structure in 15 Min TF. Tomorrow in case we open flat and candle closes below 21070 then 20750-70 will be tested. In case today's low is safe and we make bullish price structure in 5 Min TF then we will give a sharp pullback. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21230 then we will long for the target of 21400 and above. For selling we need a 15 Min candle close below 21070. T- 20920 and 20770. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 20 Dec 2023NIFTY Intraday Trade Setup For 20 Dec 2023 Bullish-Above 21510 Invalid-Below 21460 T- 21625 21750 Bearish-Below 21380 Invalid-Above 21430 T- 21230 21100 NIFTY has closed on a slight bullish note with 0.16% gain today. Se triggered as per trade setup but was parabolic also it formed a morning star structure just at breakout and reversed which hit sl in short. It has formed a Pinbar candle in daily TF so above 21510 then can be a strong up move towards 21700 zone. If it all this is a short term resistance then it should start to make bearish price structure in 5/15 Min TF. 21510 and 21380 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 21510 then we will long for the target of 21625 and 21750. For selling we need a 15 Min candle close below 21380. T- 21230 and 21100. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 19 Dec 2023NIFTY Intraday Trade Setup For 19 Dec 2023 Bullish-Above 21500 Invalid-Below 21450 T- 21625 21750 Bearish-Below 21360 Invalid-Above 21410 T- 21230 21100 NIFTY has closed on a slight bearish note with 0.18% cut today. It has formed an inside candle in daily charts. Inside candle is nothing but compression and in intraday we noticed how compression/sideways it was. Bullish move will resume above 21500 once again and that will be the best trade. In case it sustains below 21360 then half bat will be active , taking index near 21230 as an initial pullback. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21625 and 21750. For selling we need a 15 Min candle close below 21360. T- 21230 and 21100. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 18 Dec 2023NIFTY Intraday Trade Setup For 18 Dec 2023 Bullish-Above 21500 Invalid-Below 21450 T- 21650 21825 Bearish-Below 21320 Invalid-Above 21370 T- 21169 21028 NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825. For selling we need a 15 Min candle close below 21320. T- 21169 and 21028. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 15 Dec 2023NIFTY Intraday Trade Setup For 15 Dec 2023 bullish-Above 21220 Invalid-Below 21170 T- 21350 21510 Bearish-Below 21110 Invalid-Above 21160 T- 21004 20899 NIFTY has closed on a bold bullish note once again with 1.23% gain today. While 70% gain is contributed through gap up. 10 o'clock range was to be used as per analysis. Range broke upside above 21190 and last swing low was 21147. Trade gave a very small move in favor and closed at cost EOD. Tomorrow 21110 may act as an intraday support but after support validation if it breaks the same then intraday sell off is possible. Above 21220 on flat opening we will simply head higher. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 21220 then we will long for the target of 21350 and 21510. For selling we need a 15 Min candle close below 21110. T- 21004 and 20899. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 14 Dec 2023NIFTY Intraday Trade Setup For 14 Dec 2023 Bullish-Above 20950 Invalid-Below 20900 T- 21045 21160 Bearish-Below 20850 Invalid-Above 20900 T- 20750 20658 NIFTY has closed almost on a flat note with 0.1% gain today. Sell triggered as per trade setup below 20860 and gave a move till 20770. Later previous swing high taken out and market gave a strong bullish reversal move and closed market with a bullish sentiment. On a flat opening above 20950 bullish move will continue. Our swing long (from 19880) position was closed @20860 today as per the opted TSL method. Today's low is very important swing in hourly TF for a downside structure. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20950 then we will long. T- 21045 and 21160. For selling we need a 15 Min candle close below 20850. T- 20750 and 20658. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 13 Dec 2023NIFTY Intraday Trade Setup For 13 Dec 2023 Bullish-Above 20980 Invalid-Below 20930 T- 21130 21300 Bearish-Below 20860 Invalid-Above 20910 T-20703 20540 NIFTY has closed on a bearish note after 2 days. It has closed below PDL so as per our trailing method opted we will exit longs (from 19880) completely below today's low- 20860. Yesterday a rising wedge in hourly TF scenario was discussed which has effected index to fall exactly from there. However our buy level was 21030 and market took resistance from there from the upper trendline (50 points sl). Tomorrow on a flat opening above and below 20980 and 20860 respectively we will plan our trades. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20980 then we will long for the target of 21130 and 21300. For selling we need a 15 Min candle close below 20860. T- 20703 and 20540. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 12 Dec 2023NIFTY Intraday Trade Setup For 12 Dec 2023 Bullish-Above 21030 Invalid- Below 20980 T- 21160 21300 Bearish-Below 20950 Invalid-Above 21000 T- 20810 20675 NFTY has closed almost on a flat note with slight gain of 0.13%. Buy triggered as per trade setup which ended at cost EOD. Our TSL in swing long (from 19880) is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. Also in case of TSL there will be sentimental reversal from bullish to bearish. There is a rising wedge pattern type formation in hourly TF but above today's high there can be a sharp rally once again. Below 20950 there can be bearish action in Intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21030 then we will long for the target of 21160 21300. For selling we need a 15 Min candle close below 20950. T- 20810 and 20675. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 11 Dec 2023NIFTY Intraday Trade Setup For 11 Dec 2023 Bullish-Above 21010 Invalid-Below 20960 T- 21141 21300 Bearish-Below 20850 Invalid-Above 20900 T- 20684 20543 NIFTY has closed on a bullish note with 3.46% gain last week. Whole gain is added in our basket :) as we have longed from 19880 which was planned on 27 Nov. After the breakout of 20222 we opted to ride till fullest with PDL as TSL. TSL is intact, if a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. Mother trend remains bullish till 20850 is safe. Tomorrow's best trade will be on flat opening. 21010 and 20850 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21010 then we will long for the target of 21300 and 21510. For selling we need a 15 min candle close below 20850. T- 20684 20543. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 08 Dec 2023NIFTY Intraday Trade Setup For 08 Dec 2023 Bullish-Above 20970 Invalid-Below 20920 T- 21090 21235 Bearish-Below 20850 Invalid-Above 20900 T- 20684 20558 NIFTY has closed on a slight bearish note with 0.17% cut today. Nothing triggered as per trade setup just like BANKNIFTY yesterday. 10 o'clock range was intact whole day. Till now our TSL in long (from 19880) is intact. If a daily candle closes below PDL and that red candle's low is breached we will exit longs completely and there will be change in sentiment in that case. It has formed a range in 15 Min TF, 20970 and 20850 are important levels for a range shift. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20970 then we will long for the target of 21090 and 21235. For selling we need a 15 Min candle close below 20850. T- 20684 and 20558. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 07 Dec 2023NIFTY Intraday Trade Setup For 07 Dec 2023 Bullish-Above 20970 Invalid-Below 20920 T- 21090 21235 Bearish-Below 20850 Invalid-Above 20900 T- 20684 20558 One more green gain added in our bullish favor. NIFTY has closed with 0.4% gain today all contributed through gap up. As per 10 o'clock range breakout it gave a small move of 35 points in the downside below 20887. It has been said that we will trail our long (from 19880) with PDL as TSL. If a daily candle closes below PDL then below that red candle's low we will exit longs completely. 20970 and 20850 are important levels for tomorrow. 21020 will be an important resistance in case of gap up. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 20970 then we will long for the target of 21090 and 21235. For selling we need a 15 Min candle close below 20850. T- 20684 and 20558. 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.
NSE:NIFTY
by Omahto
1
NIFTY Intraday Trade Setup For 06 Dec 2023NIFTY Intraday Trade Setup For 06 Dec 2023 Bullish-Above 20870 Invalid-Below 20820 T- 21020 21168 Bearish-Below 20730 Invalid-Above 20780 T- 20593 20419 NIFTY has closed on a bullish note once again and one more great day added in our long favor. We have already longed from 19880 as per the analysis on 27 Nov. Till now it has given 950+ points gain (19880-20864). Index's momentum will take an halt when our opted TSL which is daily candle close below PDL and that red candle's low breach will be triggered. Above 20870 there can be good intraday momentum in intraday on a flat opening. Index will be bearish below 20730. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 20870 then we will long for the target of 21020 and 21168. For selling we need a 15 Min candle close below 20730. T- 20593 and 20419. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 05 Dec 2023NIFTY Intraday Trade Setup For 05 Dec 2023 Bullish-Above 20710 Invalid-Below 20660 T- 20862 21020 Bearish-Below 20580 Invalid-Above 20630 T- 20419 20258 NIFTY has closed on a bold bullish note with 2% gain today. Our swing long position just blasted today. We planned a bullish swing trade above 19880 on 27 Nov which was triggered on 28 Nov. It has given more than 800 points gain till now. In the weekend it was said to book some and rest you can trail till hourly bullish price structure is intact. Tomorrow there is a chance of a pullback move. Below 20580 if bearish price structure is established then it can test 20500 zone which can act as strong intraday support. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20710 then we will long for the target of 20862 and 21020. For selling we need a 15 Min candle close below 20580. T- 20419 and 20258. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 04 Dec 2023NIFTY Intraday Trade Setup For 04 Dec 2023 Bullish-Above 20300 Invalid-Below 20250 T- 20420 20531 Bearish-Below 20200 Invalid-Below 20250 T- 20088 19970 NIFTY has closed on a bold bullish note last week with 2.39% gain. We planned our buy trade above 19880 on daily swing breakout for a fresh ATH. A fresh ATH is done with a very good momentum and now we will just trail sl to PDL on closing basis. If a daily candle closes below PDL and then below that red candle's low we will exit longs completely. Monthly candle is also bold bullish. No reversal planning till we get a bearish price structure in hourly and daily TF. 20300 and 20200 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 20300 then we will long for the target of 20420 and 20531. For selling we need a 15 Min candle close below 20200. T- 20088 and 19970. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 01 Dec 2023NIFTY Intraday Trade Setup For 01 Dec 2023 Bullish-Above 20160 Invalid-Below 20110 T- 20270 30376 Bearish-Below 20040 Invalid-Below 20090 T- 19941 19840 NIFTY has closed on a bullish note with 0.18% gain today. It opened flat today and buy triggered as per trade setup which hit 50 points sl. Later buy triggered again and gave a compensation move of 50 points. Our swing position is going well which we planned above 19880 in the weekend (19880-20158). Tomorrow it may hit a fresh ATH above 20160. For selling we need a bearish price structure below 20070 however our short level will be 20040 on 15 Min. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 20160 then we will long for the target of 20270 and 20376. For selling we need a 15 Min candle close below 20040. T- 19941 and 19840. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 30 Nov 2023NIFTY Intraday Trade Setup For 30 Nov 2023 Bullish-Above 20110 Invalid-Below 20060 T- 20230 20350 Bearish-Below 19990 Invalid-Above 20050 T- 19865 19757 NIFTY has closed on a bullish note with 1.04% gain today. In the weekend we discussed in detail about the bullish move above 19890. It was explained that above 19890 we will start the next leg of rally towards a fresh ATH so is happening. Yesterday it was triggered and till now it has given more than 1% move. Today it opened with a gap up above our buy level so 10 o'clock range was to be used as per setup. Range broke upside above 20011 and gave a move till 20104. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20110 then we will long for the target of 20230 and 20350. For selling we need a 15 Min candle close below 19990. T- 19865 and 19757. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Nov 2023NIFTY Intraday Trade Setup For 29 Nov 2023 Bullish-Above 19920 Invalid-Below 19870 T- 20025 20135 Bearish-Below 19860 Invalid-Above 19910 T- 19757 19655 NIFTY has closed on a bullish note with 0.48% gain today. Buy triggered when intraday was almost done, post 3 PM. Momentum was dead till 2 PM. Now there is a slight chance of change in momentum, but only on flat opening. In case of gap up/down opening momentum will be dead once again. Also reduce your position sizing in intraday directional trades. 19920 and 19860 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19920 then we will long for the target of 20025 and 20135. For selling we need a 15 Min candle close below 19860. T- 19757 and 19655. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 28 Nov 2023NIFTY Intraday Trade Setup For 28 Nov 2023 Bullish-Above 19880 Invalid-Below 19830 T- 20010 20135 Bearish-Below 19760 Invalid-Above 19810 T- 19655 19540 NIFTY has closed almost on a flat note with 0.32% gain. It was just sideways and compressed the whole week. It has formed an inside candle in daily TF near previous major swing. So above 19880 we will give next round of up move towards a fresh ATH. Also sellers presence have been seen near 19880. A double force move can be seen on breakout. For a good down move 19700 is the level to watch for breakout. 19880 and 149760 are major levels for Tuesday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 20010 and 20135. For selling we need a 15 Min candle close below 19760. T- 19655 and 19540. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 24 Nov 2023NIFTY Intraday Trade Setup For 24 Nov 2023 Bullish-Above 19880 Invalid-Below 19830 T- 19969 20063 Bearish-Below 19780 Invalid-Above 19830 T- 19703 19614 NIFTY has closed once again on a flat note yesterday. Buy triggered above 19830 last day which did hit target EOD. It has formed a shooting star in daily chart, so high of the shooting star is very important for the next round of rally. Above 19880 index will start an bullish impulsive move. Below 19780 effect of the shooting star can be seen and a downside move can be triggered. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19880 then we will long for the target of 19969 and 20063. For selling we need a 15 Min candle close below 19780. T- 19703 and 19614. 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.
NSE:NIFTY
by Omahto