Bullish-Above 24180
Invalid-Below 24130
T- 24410
Bearish-Below 23980
Invalid-Above 24030
T- 23800
NIFTY has closed on a bullish note with 0.55% gain today. However it was an contraction day as it formed an inside candle in daily TF. It seems like index is going to follow phase of sideways after a parabolic move. In case it does a pullback breakout of 24180 then we will long for the plotted 2.0 PRZ. Bears may take charge below 23980 if sustained. Also in the weekend I said that we will maintain bullish stance till it closes above PDL.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24180 then we will long for the target of 24410.
For selling we need a 15 Min candle close below 23980. T- 23800.
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.
No comments:
Post a Comment