Nifty 50 Intraday Trade Setup for 07h July Expiry session
The Index rally in yesterday's trading session was excellent, with More than a 1% gain after the 21st of June. Global sentiment is Positive. Crude oil is trading below 100$ after may month, and now waiting for DXY to cool off to keep the momentum on.
On the daily chart, the Index is trading on the trend line resistance with a long bullish candle but still needs to sustain above 16,000 and close above it.
ABCD pattern activated, and the PRZ area is 16,344
XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing
Intraday
============
Used 30-minute TF to calculate the Intraday levels for the weekly Expiry. The lower Time frame also has a Positive Price structure for the target of 16,268.
Intraday Resistance : 16,030
Intraday Support : 15,900
Trade Accordingly
On the daily chart, the Index is trading on the trend line resistance with a long bullish candle but still needs to sustain above 16,000 and close above it.
ABCD pattern activated, and the PRZ area is 16,344
XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing
Intraday
============
Used 30-minute TF to calculate the Intraday levels for the weekly Expiry. The lower Time frame also has a Positive Price structure for the target of 16,268.
Intraday Resistance : 16,030
Intraday Support : 15,900
Trade Accordingly
Telegram : t.me/Codeviser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.