NIFTY Intraday Trade Setup For 12 Dec 2024

NIFTY Intraday Trade Setup For 12 Dec 2024

Buy- Above 24700
Invalid-Below 24650
T- 24850

Bearish-Below 24490
Invalid-Above 24540
T- 24250

NIFTY has closed almost on a flat note with 0.13% gain today. We discussed in the weekend that index will be sideways between 24850 and 24500. Its been three sessions and index is just consolidating between this range. For any directional move we need breakout of this range or else we will still maintain non- directional approach. However 24700 and 24490 can be tomorrow's levels to watch out.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24700 then we will long for the target of 24850.

For selling we need a 15 Min candle close below 24490. T- 24250.

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.