NIFTY Intraday Trade Setup For 17 Oct 2023 || Daily Analysis
NIFTY Intraday Trade Setup For 17 Oct 2023
Bullish-Above 19810
Invalid-Below 19760
T- 19915 20030
Bearish-Below 19690
Invalid-Above 19740
T- 19605 19515
NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030.
For selling we need a 15 min candle close below 19690. T- 19605 and 19515.
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.
Bullish-Above 19810
Invalid-Below 19760
T- 19915 20030
Bearish-Below 19690
Invalid-Above 19740
T- 19605 19515
NIFTY has closed almost on a flat note with a minor cut of 0.1% today. It opened flat and triggered sell which hit sl. Momentum was sideways throught the day. It has formed an inside candle in daily TF at a random place so its a sign of sideways. It looks that sideways momentum is likely to continue for few sessions. Tomorrow 19810 and 19690 are key levels to look for breakout. Be very strict with trailing in this sideways market.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19810 then we will long for the target of 19915 and 20030.
For selling we need a 15 min candle close below 19690. T- 19605 and 19515.
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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