NIFTY Intraday Trade Setup For 1 Sep 2023
Bullish-Above 19290
Invalid-Below 19240
T- 19371 19455
Bearish-Below 19220
Invalid-Above 19270
T- 19105 19005
NIFTY has closed on a bearish note with 0.48% cut. Yesterday in both the indices I shared a possibility of a pullback today with half bat pattern as there was one leg move. Today it dipped and triggered sell without any pullback due to that it hit sl. Later after a pullback sell triggered again below 19330 and hit 1st target (19225). Tomorrow 19290 and 19220 are important levels for intraday. Also be alert about bullish reversal below 19220 as that's an important support.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19290 then we will long for the target of 19371 and 19455.
For selling we need a 15 Min candle close below 19220. T- 19105 and 19005.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bullish-Above 19290
Invalid-Below 19240
T- 19371 19455
Bearish-Below 19220
Invalid-Above 19270
T- 19105 19005
NIFTY has closed on a bearish note with 0.48% cut. Yesterday in both the indices I shared a possibility of a pullback today with half bat pattern as there was one leg move. Today it dipped and triggered sell without any pullback due to that it hit sl. Later after a pullback sell triggered again below 19330 and hit 1st target (19225). Tomorrow 19290 and 19220 are important levels for intraday. Also be alert about bullish reversal below 19220 as that's an important support.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19290 then we will long for the target of 19371 and 19455.
For selling we need a 15 Min candle close below 19220. T- 19105 and 19005.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
