NIFTY Intraday Trade Setup For 24 Oct 2024

NIFTY Intraday Trade Setup For 24 Oct 2024

Bullish-Above 24610
Invalid-Below 24560
T- 24885

Bearish-Below 24370
Invalid-Above 24410
T- 24097

NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885.

For selling we need a 15 Min candle close below 24370. T- 24097.

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.