NIFTY Intraday Trade Setup For 13 Nov 2023
NIFTY Intraday Trade Setup For 13 Nov 2023
Bullish-Above 19550
Invalid-Below 19500
T- 19635 19745
Bearish-Below 19510
Invalid-Above 19560
T- 19412 19309
NIFTY has closed on a bullish note last week with some 1% gain. Last week when we discussed about bullish reversal on 19250 breakout. After this hourly breakout it has given good momentum (19250-19547) in anticipated direction. Now it is at a resistance zone 19550, probability to give a pullback or to get stuck is high. 19550 and 19510 are important levels for Monday's session based on Muhurat Trading price action.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19550 then we will long for the target of 19635 and 19745.
For selling we need a 15 min candle close below 19510. T- 19412 and 19309.
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 19550
Invalid-Below 19500
T- 19635 19745
Bearish-Below 19510
Invalid-Above 19560
T- 19412 19309
NIFTY has closed on a bullish note last week with some 1% gain. Last week when we discussed about bullish reversal on 19250 breakout. After this hourly breakout it has given good momentum (19250-19547) in anticipated direction. Now it is at a resistance zone 19550, probability to give a pullback or to get stuck is high. 19550 and 19510 are important levels for Monday's session based on Muhurat Trading price action.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 19550 then we will long for the target of 19635 and 19745.
For selling we need a 15 min candle close below 19510. T- 19412 and 19309.
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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