NIFTY Intraday Trade Setup For 14 Jun 2024
Bullish-Above 23500
Invalid-Below 23450
T- 23665
Bearish-Below 23350
Invalid-Above 23400
T- 23075
NIFTY has closed with a gain of 0.33% gain today. It was another sideways market, being 4th consecutive day. It is currently sideways in the plotted channel. Breakout of this is needed for a good momentum either side. We have a holiday on Monday so there can volatile moves due to multiple expiries on the same day. 23500 and 23350 will be range to look for breakout or else it will sideways again.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23665.
For selling we need a 15 Min candle close below 23350. T- 23210 & 23075.
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 23500
Invalid-Below 23450
T- 23665
Bearish-Below 23350
Invalid-Above 23400
T- 23075
NIFTY has closed with a gain of 0.33% gain today. It was another sideways market, being 4th consecutive day. It is currently sideways in the plotted channel. Breakout of this is needed for a good momentum either side. We have a holiday on Monday so there can volatile moves due to multiple expiries on the same day. 23500 and 23350 will be range to look for breakout or else it will sideways again.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 23500 then we will long for the target of 23665.
For selling we need a 15 Min candle close below 23350. T- 23210 & 23075.
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.
