NIFTY Intraday Trade Setup For 26 Jun 2024
Bullish-Above 23760
Invalid-Below 23710
T- 23918
Bearish-Below 23630
Invalid-Above 23680
T- 23460
NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630 is going to be crucial level as it can act as a support zone but incase support is not taken and it sustains below this level then a good short side move can be seen tomorrow. For bullish move best will be pullback breakout of 23760.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23760 then we will long for the target of 23920.
For selling we need a 15 Min candle close below 23630. T- 23460.
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 23760
Invalid-Below 23710
T- 23918
Bearish-Below 23630
Invalid-Above 23680
T- 23460
NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630 is going to be crucial level as it can act as a support zone but incase support is not taken and it sustains below this level then a good short side move can be seen tomorrow. For bullish move best will be pullback breakout of 23760.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23760 then we will long for the target of 23920.
For selling we need a 15 Min candle close below 23630. T- 23460.
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.
