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NIFTY Intraday Trade Setup For 10 Jul 2024NIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 24450 Invalid- Below 24400 T- 24555 Bearish-Below 24350 Invalid-Above 24400 T- 24230 NIFTY has closed on a bullish note with 0.46% gain today. Last day we discussed that it formed a Pinbar candle in daily TF and expectation was for a bullish move above 24350. We almost gat 90 points move in favor. Tomorrow in case there is a gap down and day ends near day low then bears will take charge in short term. However I have been updating that bullish sentiment will change when it closes below PDL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 24450 then we will long for the target of 24555. For selling we need a 15 Min candle close below 24350. T- 24230. 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 Oct 2022NIFTY Intraday Trade Setup For 20 Oct 2022 Buy-Above 17560 Sl-17510 T- 17630 17720 17808 Sell-Below 17470 Sl-17525 T-17390 17340 17290 NIFTY has closed on a flat note with 25 points gain today. Last day we planned buy above 17530 which almost hit our 1st target and gave 70 points gain. Later 10 o'clock range broke downside and gave 60 points in downside. Closing is flat so any side move will come the next day. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17560 then we will long for the target of 17610-30. Next targets will be 17720 and 17808. For selling we need a 15 Min candle close below 17470. Target will be 17390, 17340 and 17290. Be strict with trailing (cost) with RR ratio. 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.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 22 Jul 2022NIFTY Intraday Trade Setup For 22 Jul 2022 Buy-Above 16630 Sl-16580 T-16700 16750 16800 Sell-Below 16555 Sl-16605 T-16490 16400 16330 NIFTY has closed on a positive note with more than 0.5% gain. It opened flat and our buy and sell levels remained untouched. Nothing triggered and NIFTY almost traded inside previous day's trading range. Tomorrow's trade will be based on the last 2 days high and low. Just we have to be cautious in long and always need to be strict with trailing sl as we are at parallel channel trendline resistance as per hourly charts. Coming to tomorrow's trade setup, if a 5 Min candle closes above 16630 then we will long for the target of 16700, 16750 and 16800. For selling one needs to wait till 16480 is closed in 5 Min TF. Target below 16480 will be 16400 and 16330. Aggressive traders can short below 16555 on a 5 min candle close for the target of 16490. 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. Index will be bullish till we are closing above previous day low.
NSE:NIFTY
by Omahto