NIFTY Intraday Trade Setup For 06 Sep 2023
NIFTY Intraday Trade Setup For 06 Sep 2023
Bullish-Above 19590
Invalid-Below 19540
T- 19665 19740
Bearish-Below 19520
Invalid-Above 19570
T- 19455 19348
NIFTY has closed with a slight positive gain of 0.24% today. Today buy triggered as per trade setup but lacked momentum and ended with slight gain. NIFTY is slowly and steadily going up but lacking strong momentum. Sell view is closed at cost as per the weekend analysis. 19520 is important level for downside trigger. Above 19590 we will maintain a bullish view if sustained in 15 MIN TF. But be very strict with reversal as it is at mid point in daily range.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19590 then we will long for the target of 19665 and 19740.
For selling we need a 15 Min candle close below 19520. T- 19455 and 19348.
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 19590
Invalid-Below 19540
T- 19665 19740
Bearish-Below 19520
Invalid-Above 19570
T- 19455 19348
NIFTY has closed with a slight positive gain of 0.24% today. Today buy triggered as per trade setup but lacked momentum and ended with slight gain. NIFTY is slowly and steadily going up but lacking strong momentum. Sell view is closed at cost as per the weekend analysis. 19520 is important level for downside trigger. Above 19590 we will maintain a bullish view if sustained in 15 MIN TF. But be very strict with reversal as it is at mid point in daily range.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19590 then we will long for the target of 19665 and 19740.
For selling we need a 15 Min candle close below 19520. T- 19455 and 19348.
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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