NIFTY Intraday Trade Setup For 22 Dec 2023
Bullish-Above 21290
Invalid-Below 21240
T- 21465 21620
Bearish-Below 21110
Invalid-Above 21160
T- 20950 20770
NIFTY has closed on a bullish note today with 0.5% gain. It opened gap down and as per analysis 10 o'clock range was to be used and range broke upside above 21096 and gave a good move till 21288. Sell would have been effective only on flat/mild positive opening which did not happen and did not favor bears. Tomorrow above 21290 we can give a very good move till 21465 and that will be an intraday resistance. Below 21110 we will short.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21290 then we will long for the target of 21465 and 21620.
For selling we need a 15 Min candle close below 21110. T- 20950 and 20770.
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 21290
Invalid-Below 21240
T- 21465 21620
Bearish-Below 21110
Invalid-Above 21160
T- 20950 20770
NIFTY has closed on a bullish note today with 0.5% gain. It opened gap down and as per analysis 10 o'clock range was to be used and range broke upside above 21096 and gave a good move till 21288. Sell would have been effective only on flat/mild positive opening which did not happen and did not favor bears. Tomorrow above 21290 we can give a very good move till 21465 and that will be an intraday resistance. Below 21110 we will short.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21290 then we will long for the target of 21465 and 21620.
For selling we need a 15 Min candle close below 21110. T- 20950 and 20770.
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.
