NIFTY Intraday Trade Setup For 28 May 2024
NIFTY Intraday Trade Setup For 28 May 2024
Bullish-Above 23030
Invalid-Below 22980
T- 23230
Bearish-Below 22870
Invalid-Above 22920
T- 22630
NIFTY has closed almost on flat note with minor cut of 0.11% today. It opened with 80 points gap up and then buy triggered near 12 o'clock which did not hit our target and revered to day low taking out our sl midway. Tomorrow 22745 will be an confluence level as that will be a CIP level after ATH breakout. Be alert at this zone for a bullish reversal structure. Below 22870 bears will try to take grip. Above 23030 we will plan long but we need a rejection first.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23050 then we will long for the target of 23230.
For selling we need a 15 Min candle close below 22870. T- 22630.
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 23030
Invalid-Below 22980
T- 23230
Bearish-Below 22870
Invalid-Above 22920
T- 22630
NIFTY has closed almost on flat note with minor cut of 0.11% today. It opened with 80 points gap up and then buy triggered near 12 o'clock which did not hit our target and revered to day low taking out our sl midway. Tomorrow 22745 will be an confluence level as that will be a CIP level after ATH breakout. Be alert at this zone for a bullish reversal structure. Below 22870 bears will try to take grip. Above 23030 we will plan long but we need a rejection first.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23050 then we will long for the target of 23230.
For selling we need a 15 Min candle close below 22870. T- 22630.
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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