NIFTY Intraday Trade Setup For 12 Nov 2024

NIFTY Intraday Trade Setup For 12 Nov 2024

Bullish-Above 24390
Invalid-Below 24340
T- 24605

Bearish-Below 24000
Invalid-Above 24050
T- 23675

NIFTY has closed on a flat note today after giving both side moves in intraday. 24k acted as a strong support today. Now if index goes below 24k bearish move towards 23700 zone will be initiated. It has been said multiple times that index is sell on rise and is still valid till it trades below 50 EMA in daily TF. 24390 and 24000 are intraday levels for tomorrow.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24390 then we will long for the target of 24605.

For selling we need a 15 Min candle close below 24k. T- 23675.

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.