NIFTY Intraday Trade Setup For 09 Aug 2023
Bullish-Above 19635
Invalid-Below 19585
T- 19737 19843
Bearish-Below 19530
Invalid-Above 19580
T- 19430 19341
NIFTY has closed on a slight bearish note with minor cut of 0.13% cut today. Since last 3 sessions index has lost momentum. Nothing triggered as per trade setup. Usually this type of contraction or momentum happens before any event/ big move. Lets see when momentum unfolds. 19635 and 19530 is the 100 points range for tomorrow's session to look for breakout. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19635 then we will long for the target of 19737 and 19843.
For selling we need a 15 Min candle close below 19530. T- 19430 and 19341.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bullish-Above 19635
Invalid-Below 19585
T- 19737 19843
Bearish-Below 19530
Invalid-Above 19580
T- 19430 19341
NIFTY has closed on a slight bearish note with minor cut of 0.13% cut today. Since last 3 sessions index has lost momentum. Nothing triggered as per trade setup. Usually this type of contraction or momentum happens before any event/ big move. Lets see when momentum unfolds. 19635 and 19530 is the 100 points range for tomorrow's session to look for breakout. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19635 then we will long for the target of 19737 and 19843.
For selling we need a 15 Min candle close below 19530. T- 19430 and 19341.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
