NIFTY Intraday Trade Setup For 03 Jan 2024
Bullish-Above 21700
Invalid-Below 21650
T- 21855 21980
Bearish-Below 21550
Invalid-Above 21600
T- 21435 21298
NIFTY has closed on a slight bearish note with 0.35% cut today. It will
start to make a bearish price structure below 21550 in hourly TF. Below
21550 there can be good selling in the coming days. There has been sharp
selling from 21830 till 21555 ,21700 is an intraday level to be watched
for a bullish move as that's 50 % if the fall. This will take NIFTY
towards ATH. Important intraday resistance is 21855. Major intraday
support lies near 21275 or 21300 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min
candle closes above 21700 then we will long for the target of 21855 and
21980.
For selling we need a 15 Min candle close below 21550. T- 21415 and 21275.
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.
Wednesday, January 3, 2024
NIFTY LEVEL 3/1/2024
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