NIFTY Intraday Trade Setup For 30 Jul 2024

NIFTY Intraday Trade Setup For 30 Jul 2024

Bullish-Above 25000
Invalid- Below 24950
T- 25250

Bearish-Below 24770
Invalid-Above 24820
T- 24535

NIFTY has closed on an absolute flat note after 2 way moves in intraday. It has formed a spinning top candle in daily TF exactly at 25K zone. This indicates a potential halt or reversal. Below 24770 index may reverse in short term however a closing in daily TF will confirm this. Also final confirmation of reversal will be when NIFTY will make a bearish price action in daily TF. 25k and 24770 are intraday levels for tomorrow.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25k then we will long for the target of 25250.

For selling we need a 15 Min candle close below 24770. T- 24535.

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.
Chart PatternsHarmonic PatternsNIFTYniftyanalysisniftyforecastniftyintradaylevelsniftylevelsniftyoutlookniftypredictionniftytradesetupniftytrendTrend Analysis

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