NIFTY Intraday Trade Setup For 27 Jul 2023

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NIFTY Intraday Trade Setup For 27 Jul 2023

Bullish-Above 19830
Invalid-Below 19780
T- 19935 20045

Bearish- Below 19710
Invalid-Above 19760
T- 19615 19515

NIFTY has closed on a bullish note with 0.5% gain today. Yesterday we discussed that index looks slight bullish by yesterday's closing. It played out very well. Buy triggered as per trade setup above 19710 and hit our 1st target (19825) which was half bat (0.5) PRZ. It acted as a killer resistance in today's market. If NIFTY sustains below 19750 then it will have bearish stance. Above 19830 it will give a breakout towards ATH.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19935 and 20045.

For selling we need a 15 min candle close below 19710. T- 19615 and 19515.

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.
Trade attivo
avoid longs as of now
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