NIFTY Intraday Trade Setup For 4 Sep 2024
NIFTY Intraday Trade Setup For 4 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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.
Penafian
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