NIFTY Intraday Trade Setup For 25 Oct 2023 || Daily Analysis
NIFTY Intraday Trade Setup For 25 Oct 2023
Sell_1- From 19450
Invalid-Above 19500
T- 19350 19260
Sell_2-Below 19250
Invalid-Above 19300
T- 19109 18960
NIFTY has closed on a complete bearish note with 1.34% cut on Monday. In the weekend we discussed that 19500 is the only hurdle for a trendy downside move. On Monday 19500 was broken and we saw a super trendy move till 19260, around 240 points in a single go. Also in the weekend it was discussed that it is likely to test 18970 zone which is intact. There is a fair possibility that we will open gap up tomorrow, so incase 19450 is tested then we will plan a short from there.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 19250 then we will short for the target of 19109 and 18961.
Incase 19450 is tested in the gap opening sentiment then we will short from there. T- 19350 and 19260.
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.
Sell_1- From 19450
Invalid-Above 19500
T- 19350 19260
Sell_2-Below 19250
Invalid-Above 19300
T- 19109 18960
NIFTY has closed on a complete bearish note with 1.34% cut on Monday. In the weekend we discussed that 19500 is the only hurdle for a trendy downside move. On Monday 19500 was broken and we saw a super trendy move till 19260, around 240 points in a single go. Also in the weekend it was discussed that it is likely to test 18970 zone which is intact. There is a fair possibility that we will open gap up tomorrow, so incase 19450 is tested then we will plan a short from there.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 19250 then we will short for the target of 19109 and 18961.
Incase 19450 is tested in the gap opening sentiment then we will short from there. T- 19350 and 19260.
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.
