NIFTY Intraday Trade Setup For 28 Dec 2023
Bullish-Above 21680
Invalid-Below 21630
T- 21825 21970
Bearish-Below 21570
Invalid-Above 21620
T- 21435 21298
NIFTY has once again closed on a bold bullish note with 1% gain. In the
weekend we already discussed that 21400 is the level for a bullish
structure and breakout of the same will propel markets to hit a fresh
ATH. It was smooth from 21400-21675 and now major resistance is
21960-70. Today buy triggered as per trade setup above 21480 and hit
first target however it opened with a slight gap up. 21680 and 21570 are
important levels for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 Min
candle closes above 21680 then we will long for the target of 21825 and
1960-70.
For selling we need a 15 Min candle close below 21570. T- 21435 and 21298.
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.
Thursday, December 28, 2023
NIFTY LEVEL 28/12/2023
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