NIFTY Intraday Trade Setup For 18 Oct 2023 || Daily Analysis
Diupdate
NIFTY Intraday Trade Setup For 18 Oct 2023
Bullish-Above 19850
Invalid-Below 19800
T- 19945 20030
Bearish-Below 19770
Invalid-Above 19820
T- 19680 19595
NIFTY has closed with 0.40% gain today, all contributed by gap up. Yesterday it was discussed that probability to sideways in the coming days is high so has happened today. It opened with a big gap up and turned sideways , for 4 hours it traded between less than 40 points range. Later 10 o'clock range broke downside below 19809 and gave 30 points move with 20 points sl. Tomorrow it can give a very good up move above today's high 19850 and this is the high probability trade.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19850 then we will long for the target of 19950 and 20030.
For selling we need a 15 min candle close below 19770. T- 19680 and 19595.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bullish-Above 19850
Invalid-Below 19800
T- 19945 20030
Bearish-Below 19770
Invalid-Above 19820
T- 19680 19595
NIFTY has closed with 0.40% gain today, all contributed by gap up. Yesterday it was discussed that probability to sideways in the coming days is high so has happened today. It opened with a big gap up and turned sideways , for 4 hours it traded between less than 40 points range. Later 10 o'clock range broke downside below 19809 and gave 30 points move with 20 points sl. Tomorrow it can give a very good up move above today's high 19850 and this is the high probability trade.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 19850 then we will long for the target of 19950 and 20030.
For selling we need a 15 min candle close below 19770. T- 19680 and 19595.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Trade aktif
Sell triggered below 19770 and is at 1st target19770-19688
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