NIFTY Intraday Trade Setup For 20 Sep 2023
Bullish-Above 20170
Invalid-Below 20120
T- 20240 20315
Bearish-Below 20110
Invalid-Above 20160
T-20015 19910
NIFTY has closed with 0.29% cut today. It was moreover sideways and zoned. Nothing triggered as per trade setup today, post 3PM at the time closing sell was triggered which is void. Tomorrow on flat opening below 20110 if sustained properly then we will test 20015 zone in intraday. For any bullish move it has to sustain itself above the plotted trendline, level was above 20170. 20k zone can be a good psychological support.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20170. T- 20240 and 20315.
For selling we need a 15 Min candle close below 20110. T- 20015 and 19910.
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 20170
Invalid-Below 20120
T- 20240 20315
Bearish-Below 20110
Invalid-Above 20160
T-20015 19910
NIFTY has closed with 0.29% cut today. It was moreover sideways and zoned. Nothing triggered as per trade setup today, post 3PM at the time closing sell was triggered which is void. Tomorrow on flat opening below 20110 if sustained properly then we will test 20015 zone in intraday. For any bullish move it has to sustain itself above the plotted trendline, level was above 20170. 20k zone can be a good psychological support.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20170. T- 20240 and 20315.
For selling we need a 15 Min candle close below 20110. T- 20015 and 19910.
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.
