NIFTY Intraday Trade Setup For 29 Sep 2023
Sell_1- From 19660
Invalid-Above 19710
T- 19575 19500
Sell_2-Below 19490
Invalid-Above 19540
T- 19395 19300
NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow once again bearish sentiment likely to continue below today's low. In case of a gap up 19660 zone will be a good place to short. Bullish view only incase 10 o'clock range suggests. Today's high is very important in hourly TF. No bullish/reversal view till this is safe.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 19490 then we will long for the target of 19395 and 19300.
In case of a gap up, we will short from 19660 zone. T- 19575 and 19500.
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.
Sell_1- From 19660
Invalid-Above 19710
T- 19575 19500
Sell_2-Below 19490
Invalid-Above 19540
T- 19395 19300
NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow once again bearish sentiment likely to continue below today's low. In case of a gap up 19660 zone will be a good place to short. Bullish view only incase 10 o'clock range suggests. Today's high is very important in hourly TF. No bullish/reversal view till this is safe.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 19490 then we will long for the target of 19395 and 19300.
In case of a gap up, we will short from 19660 zone. T- 19575 and 19500.
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.
