NIFTY Intraday Trade Setup For 30 Nov 2023
Bullish-Above 20110
Invalid-Below 20060
T- 20230 20350
Bearish-Below 19990
Invalid-Above 20050
T- 19865 19757
NIFTY has closed on a bullish note with 1.04% gain today. In the weekend we discussed in detail about the bullish move above 19890. It was explained that above 19890 we will start the next leg of rally towards a fresh ATH so is happening. Yesterday it was triggered and till now it has given more than 1% move. Today it opened with a gap up above our buy level so 10 o'clock range was to be used as per setup. Range broke upside above 20011 and gave a move till 20104.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20110 then we will long for the target of 20230 and 20350.
For selling we need a 15 Min candle close below 19990. T- 19865 and 19757.
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 20110
Invalid-Below 20060
T- 20230 20350
Bearish-Below 19990
Invalid-Above 20050
T- 19865 19757
NIFTY has closed on a bullish note with 1.04% gain today. In the weekend we discussed in detail about the bullish move above 19890. It was explained that above 19890 we will start the next leg of rally towards a fresh ATH so is happening. Yesterday it was triggered and till now it has given more than 1% move. Today it opened with a gap up above our buy level so 10 o'clock range was to be used as per setup. Range broke upside above 20011 and gave a move till 20104.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20110 then we will long for the target of 20230 and 20350.
For selling we need a 15 Min candle close below 19990. T- 19865 and 19757.
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.
