NIFTY Intraday Trade Setup For 7 Nov 2024
NIFTY Intraday Trade Setup For 7 Nov 2024
Bullish-Above 24550
Invalid-Below 24500
T- 24800 25050
Bearish-Below 24280
Invalid-Above 24330
T- 24020
NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050.
For selling we need a 15 Min candle close below 24280. T- 24022.
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 24550
Invalid-Below 24500
T- 24800 25050
Bearish-Below 24280
Invalid-Above 24330
T- 24020
NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050.
For selling we need a 15 Min candle close below 24280. T- 24022.
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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.