NIFTY Intraday Trade Setup For 30 Apr 2024
Bullish-Above 22660
Invalid-Below 22610
T- 22875
Bearish-Below 22500
Invalid-Above 22550
T- 22333
NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875.
For selling we need a 15 Min candle close below 22500. T- 22333.
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 22660
Invalid-Below 22610
T- 22875
Bearish-Below 22500
Invalid-Above 22550
T- 22333
NIFTY has closed on a bullish note today, clocked exactly 1%. Tomorrow once again we can expect bullish move if today's high is sustained. In the weekend we discussed hourly levels as 22650 and 22300. It has tested the upper level so above 22660 we will maintain a bullish view for a fresh ATH. High probability trade will be in buy side on flat opening or slightly below 22640. 25500 will be a confluence zone just like today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22660 then we will long for the target of 22875.
For selling we need a 15 Min candle close below 22500. T- 22333.
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.
