NIFTY Intraday Trade Setup For 3 Sep 2024

NIFTY Intraday Trade Setup For 3 Sep 2024

Bullish-Above 25350
Invalid-Below 25300
T- 25492

Bearish-Below 25230
Invalid-Above 25280
T- 25025

NIFTY has closed almost on a flat note with slight gain of 0.17% gain today. It opened with 100 points gap up and did not sustain that. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.

For selling we need a 15 Min candle close below 25230. T- 25025.

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.