NIFTY Intraday Trade Setup For 29 Jul 2024
NIFTY Intraday Trade Setup For 29 Jul 2024
Bullish-Above 24870
Invalid-Below 24820
T- 25180
Buy_2- From 24600
Invalid-Below 24550
T- 24800
NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180.
2nd buying can be done from 24600 level. T- 24800.
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.
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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.
Bullish-Above 24870
Invalid-Below 24820
T- 25180
Buy_2- From 24600
Invalid-Below 24550
T- 24800
NIFTY has closed on a bullish note with 1.24% gain last week, closed at record high. 23 Jul sell off was absorbed and bulls took complete charge. 25K is at a striking distance. 25335 will be a confluence zone as per FIB extensions and all other levels may fade out due to strong bullish sentiment. If we get a pullback buy setup above 24870 then we will long for the target of 25180. 24600 will be a strong intra support.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25180.
2nd buying can be done from 24600 level. T- 24800.
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.
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