NIFTY Intraday Trade Setup For 24 Dec 2024

NIFTY Intraday Trade Setup For 24 Dec 2024

Bullish-Above 23900
Invalid-Below 23850
T- 24118

Bearish-Below 23530
Invalid-Above 23580
T- 23230

NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118.

For selling we need a 15 Min candle close below 23530. T- 23230.

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.