NIFTY Intraday Trade Setup For 23 Aug 2023
NIFTY Intraday Trade Setup For 23 Aug 2023
Bullish-Above 19445
Invalid-Below 19395
T- 19510 19595
Bearish-Below 19380
Invalid-Above 19430
T- 19315 19249
NIFTY has closed on an absolute flat note today. It was heavily range bound. Index traded within a tiny range of less than 70 points. Buy triggered as per trade setup which did not hit target nor sl. Tomorrow we will simply build our trade on today's market range. 19445 and 19380 are important levels for tomorrow's session. Key support and resistance are 19500 and 19250 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19445 then we will long for the target of 19510 and 19595.
For selling we need a 15 Min candle close below 19380. T- 19315 and 19249.
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 19445
Invalid-Below 19395
T- 19510 19595
Bearish-Below 19380
Invalid-Above 19430
T- 19315 19249
NIFTY has closed on an absolute flat note today. It was heavily range bound. Index traded within a tiny range of less than 70 points. Buy triggered as per trade setup which did not hit target nor sl. Tomorrow we will simply build our trade on today's market range. 19445 and 19380 are important levels for tomorrow's session. Key support and resistance are 19500 and 19250 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19445 then we will long for the target of 19510 and 19595.
For selling we need a 15 Min candle close below 19380. T- 19315 and 19249.
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.
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