NIFTY Intraday Trade Setup For 08 Aug 2023
Bullish-Above 19621
Invalid-Below 19570
T- 19737 19843
Bearish-Below 19520
Invalid-Above 19570
T- 19433 19341
NIFTY has closed on a bullish note with 0.41% gain today. In the weekend we discussed that we will cut our sell position at cost as it should have gone in flow. About the swing position we will update later on right time. It has closed near day high so above 19621 it will fill the gap created on 2 Aug. Below 19520 we will sit in sell. In hourly TF we have to watch carefully index sustaining below 19560.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19621 then we will long for the target of 19737 and 19843.
For selling we need a 15 min candle close below 19520. T- 19433 and 19341.
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 19621
Invalid-Below 19570
T- 19737 19843
Bearish-Below 19520
Invalid-Above 19570
T- 19433 19341
NIFTY has closed on a bullish note with 0.41% gain today. In the weekend we discussed that we will cut our sell position at cost as it should have gone in flow. About the swing position we will update later on right time. It has closed near day high so above 19621 it will fill the gap created on 2 Aug. Below 19520 we will sit in sell. In hourly TF we have to watch carefully index sustaining below 19560.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19621 then we will long for the target of 19737 and 19843.
For selling we need a 15 min candle close below 19520. T- 19433 and 19341.
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.
