NIFTY Intraday Trade Setup For 28 Jun 2024
Bullish-Above 24100
Invalid-Below 24050
T- 24295
Bearish-Below 23900
Invalid-Above 23950
T- 23715
NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500.
For selling we need a 15 Min candle close below 23900. T- 23715.
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 24100
Invalid-Below 24050
T- 24295
Bearish-Below 23900
Invalid-Above 23950
T- 23715
NIFTY has closed on a bold bullish note @ 24044 which is level to celebrate for bulls. Since it has closed above 24k chances of a gap up is very high, in that case 24200 can be resistance. Best intraday trade can be done on bullish side in case of pullback breakout of 24100 as happened today. If this is triggered then we will sit with trailing sl in 5 Min TF, 24295 and 24500 zone as final targets.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 24100 then we will long for the target of 24295 and 24500.
For selling we need a 15 Min candle close below 23900. T- 23715.
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.
