NIFTY Intraday Trade Setup For 29 Nov 2024

NIFTY Intraday Trade Setup For 29 Nov 2024

Sell_1_From 24160
Invalid-Above 24210
T- 23950

Bearish-Below 23840
Invalid-Above 23890
T- 23570

NIFTY has closed on a bearish note with 1.49% cut today. Yesterday we discussed that we need last 3 days range breakout in order to get a directional move. Range broke downside and sell triggered below 24120 and hit first target very smoothly. Tomorrow in case of a pullback towards 24160 we will short from golden fib zone.

Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 23840 then we will short for the target of 23570.

In case of pullback we will short from 24160. T- 23570.

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.