NIFTY Intraday Trade Setup 25 Jul 2024
NIFTY Intraday Trade Setup 25 Jul 2024
Bullish-Above 24600
Invalid-Below 24550
T- 24855
Bearish-Below 24270
Invalid-Above 24320
T- 24000
NIFTY has closed on a slight bearish note with 0.27% cut today. It was a consolidation day after budget, a normal phenomenon after an event as VIX generally cools off after any event which brings market into overall range. It has formed an inside candle in daily TF so till the time it is inside mother candle's range we will maintain non directional approach. 25600 and 24270 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 24600 then we will long for the target of 24855.
For selling we need a 15 Min candle close below 24270. T- 24k.
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 24600
Invalid-Below 24550
T- 24855
Bearish-Below 24270
Invalid-Above 24320
T- 24000
NIFTY has closed on a slight bearish note with 0.27% cut today. It was a consolidation day after budget, a normal phenomenon after an event as VIX generally cools off after any event which brings market into overall range. It has formed an inside candle in daily TF so till the time it is inside mother candle's range we will maintain non directional approach. 25600 and 24270 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 24600 then we will long for the target of 24855.
For selling we need a 15 Min candle close below 24270. T- 24k.
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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