NIFTY Intraday Trade Setup For 28 Jul 2023
Bullish-Above 19710
Invalid-Below 19660
T-19840 19935
Bearish-Below 19600
Invalid-Above19650
T- 19505 19413
NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke downside below 19811 and gave a trendy move. Meanwhile sell also triggered as per trade setup below 19710 and hit our 1st target (19605) very smoothly. Incase of a gap up tomorrow first approach will be to sell below 1st 5Min candle low for gap filling target.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19840 and 19935.
For selling we need a 15 min candle close below 19600. T- 19505 and 19413.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bullish-Above 19710
Invalid-Below 19660
T-19840 19935
Bearish-Below 19600
Invalid-Above19650
T- 19505 19413
NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke downside below 19811 and gave a trendy move. Meanwhile sell also triggered as per trade setup below 19710 and hit our 1st target (19605) very smoothly. Incase of a gap up tomorrow first approach will be to sell below 1st 5Min candle low for gap filling target.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19710 then we will long for the target of 19840 and 19935.
For selling we need a 15 min candle close below 19600. T- 19505 and 19413.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
