NIFTY Intraday Trade Setup For 15 Feb 2024
Bullish-Above 21880
Invalid-Below 21830
T- 22050 22190
Buy_2- From 21640
Invalid-Below 21590
T- 21850
NIFTY has closed on a bullish note with 0.45% gain today. It was bold bullish day as it opened with a big gap down and recovered to almost 0.5% gain from 1% down. 10 o'clock range broke upside above 21625 and gave a good move. Now it has closed near hourly trendline resistance. There will be a big move after trendline breakout if it sustains above 21950. In case trendline being respected we will head towards 21645 and may find a good support again. Chances of almost flat close in case we open gap up.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21880 then we will long for the target of 22050 and 22190.
2nd buy can be considered from 21640. T- 21850
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.
Bullish-Above 21880
Invalid-Below 21830
T- 22050 22190
Buy_2- From 21640
Invalid-Below 21590
T- 21850
NIFTY has closed on a bullish note with 0.45% gain today. It was bold bullish day as it opened with a big gap down and recovered to almost 0.5% gain from 1% down. 10 o'clock range broke upside above 21625 and gave a good move. Now it has closed near hourly trendline resistance. There will be a big move after trendline breakout if it sustains above 21950. In case trendline being respected we will head towards 21645 and may find a good support again. Chances of almost flat close in case we open gap up.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21880 then we will long for the target of 22050 and 22190.
2nd buy can be considered from 21640. T- 21850
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.
==========
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.
