NIFTY Intraday Trade Setup For 07 Nov 2023
Buy-Above 19430
Invalid-Below 19380
T- 19530 19645
Bearish-Below 19300
Invalid-Above 19350
T- 19210 19115
NIFTY has once again closed on a bullish note with almost 1% gain today. While 70% of the gain is contributed via gap up. It has been explained in the weekend that in case of gap up/down opening probability of a sideways intraday market is quite high, so was till 2 PM today. Tomorrow once again the best trade scenario will be on flat opening or else it will be momentum less. 19430 and 19300 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19430 then we will long for the target of 19530 and 19645.
For selling we need a 15 Min candle close below 19300. T- 19210 and 19115.
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.
Buy-Above 19430
Invalid-Below 19380
T- 19530 19645
Bearish-Below 19300
Invalid-Above 19350
T- 19210 19115
NIFTY has once again closed on a bullish note with almost 1% gain today. While 70% of the gain is contributed via gap up. It has been explained in the weekend that in case of gap up/down opening probability of a sideways intraday market is quite high, so was till 2 PM today. Tomorrow once again the best trade scenario will be on flat opening or else it will be momentum less. 19430 and 19300 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19430 then we will long for the target of 19530 and 19645.
For selling we need a 15 Min candle close below 19300. T- 19210 and 19115.
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.
