NIFTY Intraday Trade Setup For 6 Jan 2023
Buy-Above 18010
Sl-17960
T-18130 18250+
Sell-Below 17890
Sl-17940
T-17769 17645
NIFTY has once again closed on a slight bearish sentiment with 0.28% cut. Last day we discussed that index is likely to maintain the bearish stance below PDL so has happened. Market opened with slight gap up and then sell triggered below 18020 on a 15 Min candle close. It hit almost both the targets. It gave more than 120 points gain (18020-17893). Once again bearish sentiment will continue below today's low. There can scenario of reversal if the trendline potted is sustained above 18010.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle close below 17890 we will short for the target of 17769. Post bounce if we break the low we will test 17645.
For buying we need a 15 Min candle close above 18010. A pullback is needed. T-18130 and 18250+
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 18010
Sl-17960
T-18130 18250+
Sell-Below 17890
Sl-17940
T-17769 17645
NIFTY has once again closed on a slight bearish sentiment with 0.28% cut. Last day we discussed that index is likely to maintain the bearish stance below PDL so has happened. Market opened with slight gap up and then sell triggered below 18020 on a 15 Min candle close. It hit almost both the targets. It gave more than 120 points gain (18020-17893). Once again bearish sentiment will continue below today's low. There can scenario of reversal if the trendline potted is sustained above 18010.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle close below 17890 we will short for the target of 17769. Post bounce if we break the low we will test 17645.
For buying we need a 15 Min candle close above 18010. A pullback is needed. T-18130 and 18250+
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.
