NIFTY Intraday Trade Setup For 1 Apr 2024
NIFTY Intraday Trade Setup For 1 Apr 2024
Bullish-Above 22530
Invalid-Below 22480
T- 22780
Bearish-Below 22250
Invalid- Above 22300
T- 22045
NIFTY has closed on a bullish note last week with 1% gain. It was a short week of 3 sessions but since start of the week bulls took charge and held till weekend. Now above 22530-50 we will witness another round of strong bullish move in daily TF. On Thursday itself we discussed about hourly TF breakout above 22215 and it gave a fantastic move. Also since it has been rejected from ATH zone so there is a pullback scenario below 22250 towards 22045, which is again a reversal level.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22780.
For selling we need a 15 Min candle close below 22250. T- 22045.
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.
Bullish-Above 22530
Invalid-Below 22480
T- 22780
Bearish-Below 22250
Invalid- Above 22300
T- 22045
NIFTY has closed on a bullish note last week with 1% gain. It was a short week of 3 sessions but since start of the week bulls took charge and held till weekend. Now above 22530-50 we will witness another round of strong bullish move in daily TF. On Thursday itself we discussed about hourly TF breakout above 22215 and it gave a fantastic move. Also since it has been rejected from ATH zone so there is a pullback scenario below 22250 towards 22045, which is again a reversal level.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22780.
For selling we need a 15 Min candle close below 22250. T- 22045.
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.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.