NIFTY Intraday Trade Setup For 28 Sep 2023
Buy-Above 19735
Invalid-Below 19685
T- 19840 19930
Bearish-Below 19660
Bearish-Above 19710
T- 19560 19420
NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a pullback bounce till 20k zone. Now 19550 is the gateway for the next round of selling, a very strong support in daily TF. Tomorrow on a flat opening above today's high it will be once again bullish. 19660 is 0.382 , a strong support zone. Below this there can be a selling pressure.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19930.
For selling we need a 15 Min candle close below 19660. T- 19560 and 19420 below 19550.
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.
Buy-Above 19735
Invalid-Below 19685
T- 19840 19930
Bearish-Below 19660
Bearish-Above 19710
T- 19560 19420
NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a pullback bounce till 20k zone. Now 19550 is the gateway for the next round of selling, a very strong support in daily TF. Tomorrow on a flat opening above today's high it will be once again bullish. 19660 is 0.382 , a strong support zone. Below this there can be a selling pressure.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19735 then we will long for the target of 19840 and 19930.
For selling we need a 15 Min candle close below 19660. T- 19560 and 19420 below 19550.
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.
