NIFTY Intraday Trade Setup For 12 Sep 2023
Bullish-Above 20010
Invalid-Below 19960
T- 20131 20250
Bearish-Below 19930
Invalid-Above 19980
T- 19815 19710
NIFTY has closed on a record high today. On Sep 4 EOD we planned our bullish trade when index closed above 19500 in daily TF, confirmation level was 19600.Target was discussed multiple time, a fresh ATH. Now we will simply trail sl and our TSL will be PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Today buy triggered as per trade setup above 19870 and hit our 1st target very smoothly.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20010 then we will long for the target of 20131 and 20250.
For selling we need a 15 Min candle close below 19930. T- 19815 and 19710.
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 20010
Invalid-Below 19960
T- 20131 20250
Bearish-Below 19930
Invalid-Above 19980
T- 19815 19710
NIFTY has closed on a record high today. On Sep 4 EOD we planned our bullish trade when index closed above 19500 in daily TF, confirmation level was 19600.Target was discussed multiple time, a fresh ATH. Now we will simply trail sl and our TSL will be PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. Today buy triggered as per trade setup above 19870 and hit our 1st target very smoothly.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 20010 then we will long for the target of 20131 and 20250.
For selling we need a 15 Min candle close below 19930. T- 19815 and 19710.
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.
