NIFTY Intraday Trade Setup For 12 Jun 2024
NIFTY Intraday Trade Setup For 12 Jun 2024
Bullish-Above 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23200
Invalid-Above 23250
T- 22880
NIFTY has closed on an absolute flat note today, like yesterday. Overall range is 23420 and 23200 since last 2 sessions. This sideways market is very common and natural after an major event, process of IV cool off. Below 23200 we are likely to test 22880 zone, calculated with the confluence of half bat. Above 23420 there can a good upside move. Between this 220 points range maintain non- directional approach.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630.
For selling we need a 15 Min candle close below 23200. T- 22880.
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 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23200
Invalid-Above 23250
T- 22880
NIFTY has closed on an absolute flat note today, like yesterday. Overall range is 23420 and 23200 since last 2 sessions. This sideways market is very common and natural after an major event, process of IV cool off. Below 23200 we are likely to test 22880 zone, calculated with the confluence of half bat. Above 23420 there can a good upside move. Between this 220 points range maintain non- directional approach.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23420 then we will long for the target of 23630.
For selling we need a 15 Min candle close below 23200. T- 22880.
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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