NIFTY Intraday Trade Setup For 15 Oct 2024

NIFTY Intraday Trade Setup For 15 Oct 2024

Bullish-Above 25160
Invalid-Below 25110
T- 25470

Bearish-Below 25000
Invalid-Above 25050
T- 24790

NIFTY has closed on a bullish note with 0.66% gain today. Index has regained 50 EMA after a week and closed above PDH. Chances of bullish continuation as per previous bullish pick-up behaviour. Above 25160 index likely to close on a bullish note tomorrow. Below 25k index will be bearish again.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25160 then we will long for the target of 25470.

For selling we need a 15 Min candle close below 25k. T- 24790.

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.