NIFTY Intraday Trade Setup For 03 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19930
Bearish-Below 19615
Invalid-Above 19665
T- 19540 19450
NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional move on break of the consolidated zone. 19490 is the key level for a downside move. 28 Sep high is very important for a bullish trigger as its was a major seller's candle. So 19490 and 19800 is the range to look for breakout for the next directional move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19730 then we will long for the target of 19830 and 19930.
For selling we need a 15 Min candle close below 19615. T- 19540 and 19450 below 19530.
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.
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19930
Bearish-Below 19615
Invalid-Above 19665
T- 19540 19450
NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional move on break of the consolidated zone. 19490 is the key level for a downside move. 28 Sep high is very important for a bullish trigger as its was a major seller's candle. So 19490 and 19800 is the range to look for breakout for the next directional move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19730 then we will long for the target of 19830 and 19930.
For selling we need a 15 Min candle close below 19615. T- 19540 and 19450 below 19530.
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.
