NIFTY Intraday Trade Setup For 29 Aug 2023
Bullish-Above 19370
Invalid-Below 19320
T- 19439 19510
Bearish-Below 19225
Invalid-Above 19275
T- 19106 19005
NIFTY has closed with a slight gain of 0.21% gain today, almost sideways. 19220 is still safe, the gateway for the down move. It was almost sideways between yesterday's range. Tomorrow 19370 is very important for up side in intraday. Below 19225 if sustained then sellers will take charge. In between it will be sideways, so better to sell the range till then. 19290 is a confluence level but that will be an aggressive level to play with.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19370 then we will long for the target of 19438 and 19510.
For selling we need a 15 Min candle close below 19225. T- 19106 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 19370
Invalid-Below 19320
T- 19439 19510
Bearish-Below 19225
Invalid-Above 19275
T- 19106 19005
NIFTY has closed with a slight gain of 0.21% gain today, almost sideways. 19220 is still safe, the gateway for the down move. It was almost sideways between yesterday's range. Tomorrow 19370 is very important for up side in intraday. Below 19225 if sustained then sellers will take charge. In between it will be sideways, so better to sell the range till then. 19290 is a confluence level but that will be an aggressive level to play with.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19370 then we will long for the target of 19438 and 19510.
For selling we need a 15 Min candle close below 19225. T- 19106 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.
