NIFTY LEVEL 13/6/2024

 

NIFTY Intraday Trade Setup For 13 Jun 2024

Bullish-Above 23450
Invalid-Below 23400
T- 23645 23850

Bearish-Below 23200
Invalid-Above 23250
T- 22880

NIFTY has closed with 0.25% gain today. It was another overall sideways day as where it opened via gap up, settle at the same place EOD. This week is all about premium adjustment to their values. Tomorrow in case 23450 is taken out in the upside then chances of a trendy move is high, most probably towards 23850. In case 23200 is sustained in the downside, we will see move towards 22900 zone.

Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23645 and 23850.

For selling we need a 15 Min candle close below 23200. T- 22880.

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