NIFTY Intraday Trade Setup For 30 Sep 2024
Bullish-Above 26280
Invalid-Below 26230
T- 26460
Bearish-Below 26150
Invalid-Above 26200
T- 26000
NIFTY has closed on a bullish note with 1.5% gain last week. We have been following buy on dips in intraday since a long time. But now I feel that it is going to change very soon due to stretch. If daily candle closes below PDL then sentiment will reverse and profit booking can be triggered. 26280 and 25150 are intraday levels for Monday to look for breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 26280 then we will long for the target of 26460.
For selling we need a 15 Min candle close below 26150. T- 26000.
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.
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