NIFTY Intraday Trade Setup For 28 Nov 2024

NIFTY Intraday Trade Setup For 28 Nov 2024

Bullish-Above 24360
Invalid-Below 24310
T- 24632

Bearish-Below 24120
Invalid-Above 24170
T- 23848

NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632.

For selling we need a 15 Min candle closes below 24120. T- 23848.

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.