Simple Trade Setup | NIFTY | 05/12/2022 [INTRADAY]

4 dic 2022

NIFTY

Simple intraday buy will be only if it sustain above 18743
Simple Intraday sell below the sustainable breakdown of flip zone .
But please keep in mind that still trend is uptrend.
Major selling and bear attack will happen only on breakdown of support zone of 18593-18607. Till then bulls have chance to pull it up.


Trade Setup for 05-12-2022

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.


Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.