NIFTY Intraday Trade Setup For 19 Dec 2023
Bullish-Above 21500
Invalid-Below 21450
T- 21625 21750
Bearish-Below 21360
Invalid-Above 21410
T- 21230 21100
NIFTY has closed on a slight bearish note with 0.18% cut today. It has formed an inside candle in daily charts. Inside candle is nothing but compression and in intraday we noticed how compression/sideways it was. Bullish move will resume above 21500 once again and that will be the best trade. In case it sustains below 21360 then half bat will be active , taking index near 21230 as an initial pullback.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21625 and 21750.
For selling we need a 15 Min candle close below 21360. T- 21230 and 21100.
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.
Bullish-Above 21500
Invalid-Below 21450
T- 21625 21750
Bearish-Below 21360
Invalid-Above 21410
T- 21230 21100
NIFTY has closed on a slight bearish note with 0.18% cut today. It has formed an inside candle in daily charts. Inside candle is nothing but compression and in intraday we noticed how compression/sideways it was. Bullish move will resume above 21500 once again and that will be the best trade. In case it sustains below 21360 then half bat will be active , taking index near 21230 as an initial pullback.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21625 and 21750.
For selling we need a 15 Min candle close below 21360. T- 21230 and 21100.
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.
