Nifty Intraday Trade Setup | 5th December
Updated
Nifty opened with a gap-up and gave more up-move in morning, our buy level triggered and Nifty went near 24575 but then we saw a knee jerk reaction and Nifty lost more than 200 points from day high so as per setup SL was taken out.
For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24540
Sell Below - 24410
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24540
Sell Below - 24410
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Trade active
Nifty faced rejection exactly at 24540.Trade closed: target reached
Sell trade triggered below 24410 and both targets done.
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Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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