NIFTY Intraday Trade Setup For 24 Feb 2025
NIFTY Intraday Trade Setup For 24 Feb 2025
Bullish-Above 22850
Invalid-Below 22800
T- 23050
Bearish-Below 22720
Invalid-Above 22770
T- 22390
NIFTY has closed on slight bearish note with 0.58% cut last week. Index has been trading below 50 EMA in daily TF since last few months. Till it is trading below 50 EMA, overall sentiment will be sell on rise. To check bullish reversal last swing high will be important for consideration. As of now 23850 is the last swing high. Since last 4 sessions index has been descending at 22720.. Breakdown can trigger a move towards 22390.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22850 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22720. T- 22390.
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 22850
Invalid-Below 22800
T- 23050
Bearish-Below 22720
Invalid-Above 22770
T- 22390
NIFTY has closed on slight bearish note with 0.58% cut last week. Index has been trading below 50 EMA in daily TF since last few months. Till it is trading below 50 EMA, overall sentiment will be sell on rise. To check bullish reversal last swing high will be important for consideration. As of now 23850 is the last swing high. Since last 4 sessions index has been descending at 22720.. Breakdown can trigger a move towards 22390.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22850 then we will long for the target of 23050.
For selling we need a 15 Min candle close below 22720. T- 22390.
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.