NIFTY LEVEL 29/12/2023

 NIFTY Intraday Trade Setup For 29 Dec 2023

Bullish-Above 21810
Invalid-Below 21760
T- 21940 22070

Bearish-Below 21720
Invalid-Above 21770
T- 21577 21436

NIFTY has closed on a bullish note with 0.57% gain today. It opened with gap up above our buy level. 10 o'clock range was to be used as per trade setup. Range broke upside above 21760 and till 21801. It was more or less sideways the whole day, the momentum. Index is at striking distance from 22k mark which is going to be the next zone for a bull stop. Tomorrow there can be 2 way move so be ready to trade Intraday market structure. 21810 and 21720 are important levels for tomorrow's session.

Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 21810 then we will long for the target of

For selling we need a 15 Min candle close below 21720. T-

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.