NIFTY Intraday Trade Setup For 14 Aug 2024
NIFTY Intraday Trade Setup For 14 Aug 2024
Sell_1- From 24340
Invalid-Above 24390
T- 24150
Sell_2-Below 24100
Invalid-Above 24150
T- 23850
NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850.
In case of gap up we will short from 24340. T- 24150.
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.
Sell_1- From 24340
Invalid-Above 24390
T- 24150
Sell_2-Below 24100
Invalid-Above 24150
T- 23850
NIFTY has closed on a bearish not with 0.85% cut today. It opened flat and 10 o'clock range broke downside below 24350 and fell till 24150. Index is technically sell on rise, but with confirmation of bearish reversal price structure in 5 Min TF in intraday. Tomorrow if there is a gap up then 24340 will be a good resistance and we will plan a short from there. 23850 will be an intraday support and 23500 being hourly support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24100 then we will long for the target of 23850.
In case of gap up we will short from 24340. T- 24150.
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.
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