NIFTY Intraday Trade Setup For 09 Jan 2023
Sell_1- From 21660
Invalid-Above 21710
T- 21550 21400
Sell_2- Below 21490
Invalid-Above 21540
T- 21325 21160
NIFTY has closed on a bearish note with 0.91% cut today. It was bearish
since starting and ended the day at day low. Sell triggered below 21620
as per trade setup which hit our 1st target (21620-21493). Bearish
stance will continue tomorrow below today's low. Major hourly support
lies near 21280- 21300. Will look for bullish reversal from this zone in
5 Min TF. Incase this support is not held then we may test 21160 which
is less probable. Incase it opens flat or gap up 21660 will be intraday
resistance.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle
closes below 21490 then we will short for the target of 21325 and
21159.
2nd sell can be considered from 21660. T- 21550 21400.
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.
Tuesday, January 9, 2024
NIFTY LEVEL 9/1/2024
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