NIFTY Intraday Trade Setup For 3 Oct 2024
Bullish-Above 25910
Invalid-Below 25860
T- 26110
Bearish-Below 25730
Invalid-Above 25780
T- 25525
NIFTY has closed on a flat note last day. A sell off triggered on 30 Sep and is likely to continue in the coming days as sentiment has most likely reversed to bearish. This whole scenario was already discussed on 29 Sep trade setup. Tomorrow's key levels are 25910 and 25730. Overall I will maintain bearish stance.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 25910 then we will long for the target of 26110.
For selling we need a 15 Min candle close below 25730. T- 25525.
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