NIFTY has closed on a slight bearish note with 0.37% cut today. It was a volatile session where all up moves were sold into. Last week our swing long target was hit and then today our TSL was also hit below 19700. It was said that bullish sentiment likely to change on TSL. And today it was sensed when all up moves were shorted. 19785 and 19655 are important levels for tomorrow's session. No bullishness till we make a higher high structure in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19785 then we will long for the target of 19915 and 20045.
For selling we need a 15 Min candle close below 19655. T- 19554 and 19430.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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