Nifty 50 Stocks intraday setup on 4th December

Nifty 50 intraday stocks provided many setups on 4th December 2024. Some did give results, some went sideways.

Bharti Airtel: 1618 was support. Market opened gap up taking buy side liquidity and then closing below the support. This indicated the strength in sellers. 1583 was the last resistance that was broken and hence that could have been the target.

Bharti Airtel intraday chart

Bajaj Finance: 6735 was a valid resistance but there was no liquidity grab from the lower levels. 6800 round number was also in the way. Not a valid setup.

Bajaj Finance intraday chart

Hero Motocorp: 4726 was a valid support. The good thing was the market opened gap down and rejected the level in U shape. This was a valid setup. Target would have been the gap that was created earlier at 4641.

Hero motocorp intraday chart

Power Grid: 325 was a a valid support. There was good liquidity grab from the last day high and then close below day low and the support of 325. This was a valid setup.

Power Grid intraday chart

ICICI Bank: 1315 was a valid resistance. The liquidity grab was also good. The close was above 1315 level and hence a valid setup. The market went sideways.

ICICI bank intraday chart