NIFTY Intraday Trade Setup For 20 Dec 2022
NIFTY Intraday Trade Setup For 20 Dec 2022
Buy-Above 18441
Sl-18390
T-18530 18610
Sell-Below 18320
Sl-18370
T-18245 18117
NIFTY has closed on a positive note with 0.86% gain. As we discussed last day that if PDL will be safe then will hit head higher. PDL was tested but no candle close below that. Sell _2 was planned before 10 o'clock which did not trigger but a small 35 points was seen from there. 10 o'clock range broke upside above 18325 and gave a trendy move till 18430. trade gave more than 1:2 and 100+ points gain. This bullish sentiment is likely to continue above today's high if sustained.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18441 then we will long for the target of 18530 and 18610. A pullback is needed.
For selling we need a 15 min candle close below 18320. Target will be 18245. If sustained below then we will test 18117 and below.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 18441
Sl-18390
T-18530 18610
Sell-Below 18320
Sl-18370
T-18245 18117
NIFTY has closed on a positive note with 0.86% gain. As we discussed last day that if PDL will be safe then will hit head higher. PDL was tested but no candle close below that. Sell _2 was planned before 10 o'clock which did not trigger but a small 35 points was seen from there. 10 o'clock range broke upside above 18325 and gave a trendy move till 18430. trade gave more than 1:2 and 100+ points gain. This bullish sentiment is likely to continue above today's high if sustained.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18441 then we will long for the target of 18530 and 18610. A pullback is needed.
For selling we need a 15 min candle close below 18320. Target will be 18245. If sustained below then we will test 18117 and below.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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