NIFTY Intraday Trade Setup For 2 Sep 2024
NIFTY Intraday Trade Setup For 2 Sep 2024
Bullish-Above 25270
Invalid-Below 25220
T- 25492
Bearish-Below 25190
Invalid-Above 25240
T- 25025
NIFTY has closed on a slight bullish note with 1.66% gain last week. Last week we kept weekly outlook sideways to bullish which worked more or less fine. Since it gave a fresh breakout of previous ATH this week. If at all a bearish candle will be formed in weekly TF, this will lead to a false breakout and a possible top in the coming days. 25270 and 25190 are intra levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 25270 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25190. T- 25025.
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 25270
Invalid-Below 25220
T- 25492
Bearish-Below 25190
Invalid-Above 25240
T- 25025
NIFTY has closed on a slight bullish note with 1.66% gain last week. Last week we kept weekly outlook sideways to bullish which worked more or less fine. Since it gave a fresh breakout of previous ATH this week. If at all a bearish candle will be formed in weekly TF, this will lead to a false breakout and a possible top in the coming days. 25270 and 25190 are intra levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 25270 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25190. T- 25025.
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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