NIFTY Intraday Trade Setup For 22 Nov 2023

NIFTY Intraday Trade Setup For 22 Nov 2023

Bullish-Above 19830
Invalid-Below 19780
T- 19912 20030

Bearish-Below 19750
Invalid-Above 19800
T- 19649 19540

NIFTY has closed on with 0.4% gain today, all contributed through gap up. It opened at buy level 19760 and gave a small move till 19829. 10 o'clock range broke upside above 19791 and gave small move of 30 points. 19830 and 19750 are important levels for tomorrow's session. Looking at the daily candle below today's low there can be a good profit booking move or a gap filling.

Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19912 and 20030.

For selling we need a 15 Min candle close below 19750. T- 19649 and 19540.

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.