NIFTY Intraday Trade Setup For 25 Sep 2024
NIFTY Intraday Trade Setup For 25 Sep 2024
Bullish-Above 26020
Invalid-Below 25970
T- 26200
Bearish-Below 25880
Invalid-Above 25930
T- 25680
NIFTY has closed on a flat note today. It took resistance at 26k level and that acted as ceiling whole day. It has formed a shooting star candle in daily TF so below its low we can expect a profit booking and in that case it can test 25670 which is a strong support as per Fib retracement. Above 26020 tried sellers will give up and 26200 can be approached.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 26020 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25880. T- 25680.
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 26020
Invalid-Below 25970
T- 26200
Bearish-Below 25880
Invalid-Above 25930
T- 25680
NIFTY has closed on a flat note today. It took resistance at 26k level and that acted as ceiling whole day. It has formed a shooting star candle in daily TF so below its low we can expect a profit booking and in that case it can test 25670 which is a strong support as per Fib retracement. Above 26020 tried sellers will give up and 26200 can be approached.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 26020 then we will long for the target of 26200.
For selling we need a 15 Min candle close below 25880. T- 25680.
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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