NIFTY Intraday Trade Setup For 14 Sep 2023

NIFTY Intraday Trade Setup For 14 Sep 2023

Bullish-Above 20115
Invalid-Below 20065
T- 20200 20287

Bearish-Below 20010
Invalid-Above 20060
T- 19910 19810

NIFTY has closed on a bullish note with 0.38% gain today. On 4 Sep EOD we planned our bullish trade above 19500 when closed in daily TF, confirmation level was 19600. On 11 Sep EOD we opted PDL as our TSL to ride the open sky momentum. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Till then enjoy trailing. Today buy triggered as per trade setup above 20040 and gave 1:1 gain till 20096 however target was not achieved.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 20115 then we will long for the target of 20200 and 20287.

For selling we need a 15 Min candle close below 20010. T- 19910 and 19810.

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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