NIFTY Intraday Trade Setup For 11 Jun 2024
Bullish-Above 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23220
Invalid-Above 23270
T- 22880
NIFTY has closed on a slight bearish note with 0.13% cut today. It was a range bound session of less than 200 points range. Since it has shown some bearish sign from where the steep fall was triggered. Below 23220 we may test the plotted half bat PRZ near 22880-22900 zone. 22880 will act as an important intraday support. In case 23420 is triggered in the upside then chance of a fresh run in the coming days.
Coming to Tuesday'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 23220. 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.
Bullish-Above 23420
Invalid-Below 23370
T- 23630
Bearish-Below 23220
Invalid-Above 23270
T- 22880
NIFTY has closed on a slight bearish note with 0.13% cut today. It was a range bound session of less than 200 points range. Since it has shown some bearish sign from where the steep fall was triggered. Below 23220 we may test the plotted half bat PRZ near 22880-22900 zone. 22880 will act as an important intraday support. In case 23420 is triggered in the upside then chance of a fresh run in the coming days.
Coming to Tuesday'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 23220. 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.
