NIFTY Intraday Trade Setup For 30 Aug 2023
Bullish-Above 19380
Invalid-Below 19330
T- 19460 19545
Bearish-Below 19300
Invalid-Above 19350
T- 19230 19106
NIFTY has closed with slight gain today. Whole day it was sideways, traded inside previous day's range. In fact it just traded between 70 points range. Nothing triggered as per trade setup today. Till the time it is inside hourly rage of 19500 and 19200 it is going to be sideways. Tomorrow above 19380 if sustained there can be a good up move. Below 19300, the downside move triggers. Also the 19220 is safe in daily TF which is the gateways to further fall in NIFTY.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19460 and 19545.
For selling we need a 15 Min candle closes below 19300. T- 19230 and 19106.
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.
Bullish-Above 19380
Invalid-Below 19330
T- 19460 19545
Bearish-Below 19300
Invalid-Above 19350
T- 19230 19106
NIFTY has closed with slight gain today. Whole day it was sideways, traded inside previous day's range. In fact it just traded between 70 points range. Nothing triggered as per trade setup today. Till the time it is inside hourly rage of 19500 and 19200 it is going to be sideways. Tomorrow above 19380 if sustained there can be a good up move. Below 19300, the downside move triggers. Also the 19220 is safe in daily TF which is the gateways to further fall in NIFTY.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19380 then we will long for the target of 19460 and 19545.
For selling we need a 15 Min candle closes below 19300. T- 19230 and 19106.
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.
