NIFTY Intraday Trade Setup For 18 Oct 2024
NIFTY Intraday Trade Setup For 18 Oct 2024
Sell_1- From 24910
Invalid-Above 24960
T- 24750
Sell_2- Below 24690
Invalid-Above 24740
T- 24470
NIFTY has closed on a bearish note with 0.89% cut today. It has approached hourly support zone near 24700 zone. Post bounce from hourly support index can dive below 24690. Index is probably heading towards 23700 zone in the coming days. 25250 is hourly resistance and a reversal level too.
Coming to Friday's trade setup, if index opens flat and 24910 is tested then one can short from the same. T- 24750
In case of flat opening one can short below 24690 on 15 Min candle close. T- 24470.
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 24910
Invalid-Above 24960
T- 24750
Sell_2- Below 24690
Invalid-Above 24740
T- 24470
NIFTY has closed on a bearish note with 0.89% cut today. It has approached hourly support zone near 24700 zone. Post bounce from hourly support index can dive below 24690. Index is probably heading towards 23700 zone in the coming days. 25250 is hourly resistance and a reversal level too.
Coming to Friday's trade setup, if index opens flat and 24910 is tested then one can short from the same. T- 24750
In case of flat opening one can short below 24690 on 15 Min candle close. T- 24470.
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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