NIFTY Intraday Trade Setup For 28 Dec 2023
Bullish-Above 21680
Invalid-Below 21630
T- 21825 21970
Bearish-Below 21570
Invalid-Above 21620
T- 21435 21298
NIFTY has once again closed on a bold bullish note with 1% gain. In the weekend we already discussed that 21400 is the level for a bullish structure and breakout of the same will propel markets to hit a fresh ATH. It was smooth from 21400-21675 and now major resistance is 21960-70. Today buy triggered as per trade setup above 21480 and hit first target however it opened with a slight gap up. 21680 and 21570 are important levels for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21680 then we will long for the target of 21825 and 1960-70.
For selling we need a 15 Min candle close below 21570. T- 21435 and 21298.
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 21680
Invalid-Below 21630
T- 21825 21970
Bearish-Below 21570
Invalid-Above 21620
T- 21435 21298
NIFTY has once again closed on a bold bullish note with 1% gain. In the weekend we already discussed that 21400 is the level for a bullish structure and breakout of the same will propel markets to hit a fresh ATH. It was smooth from 21400-21675 and now major resistance is 21960-70. Today buy triggered as per trade setup above 21480 and hit first target however it opened with a slight gap up. 21680 and 21570 are important levels for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 21680 then we will long for the target of 21825 and 1960-70.
For selling we need a 15 Min candle close below 21570. T- 21435 and 21298.
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.
