NIFTY Intraday Trade Setup For 14 Dec 2023
Bullish-Above 20950
Invalid-Below 20900
T- 21045 21160
Bearish-Below 20850
Invalid-Above 20900
T- 20750 20658
NIFTY has closed almost on a flat note with 0.1% gain today. Sell triggered as per trade setup below 20860 and gave a move till 20770. Later previous swing high taken out and market gave a strong bullish reversal move and closed market with a bullish sentiment. On a flat opening above 20950 bullish move will continue. Our swing long (from 19880) position was closed @20860 today as per the opted TSL method. Today's low is very important swing in hourly TF for a downside structure.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20950 then we will long. T- 21045 and 21160.
For selling we need a 15 Min candle close below 20850. T- 20750 and 20658.
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 20950
Invalid-Below 20900
T- 21045 21160
Bearish-Below 20850
Invalid-Above 20900
T- 20750 20658
NIFTY has closed almost on a flat note with 0.1% gain today. Sell triggered as per trade setup below 20860 and gave a move till 20770. Later previous swing high taken out and market gave a strong bullish reversal move and closed market with a bullish sentiment. On a flat opening above 20950 bullish move will continue. Our swing long (from 19880) position was closed @20860 today as per the opted TSL method. Today's low is very important swing in hourly TF for a downside structure.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 20950 then we will long. T- 21045 and 21160.
For selling we need a 15 Min candle close below 20850. T- 20750 and 20658.
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.
