NIFTY Intraday Trade Setup For 8 Dec 2022
Buy-Above 18620
Sl-18570
T-17720 18800 18880
Sell-Below 18525
Sl-18575
T-18415 18295 18195
NIFTY has closed on a negative note with almost 0.5% cut. After our TSL hit on last Friday when it closed below PDL since then it has been in a profit booking mode and we can see a decline. Index can change the current sentiment when it will close above PDH. Also we have not seen any decent pullback of the whole up move which started from Oct month. I clearly told last weekend that we are likely to give a pullback before any further up move. This pullback can come till 18000-18100.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18620 then we will long for the target of 18720, 18800 and 18880.
For selling we need a 15 min candle close below 18525.Target will be 18415, 18295 and 18195.
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 18620
Sl-18570
T-17720 18800 18880
Sell-Below 18525
Sl-18575
T-18415 18295 18195
NIFTY has closed on a negative note with almost 0.5% cut. After our TSL hit on last Friday when it closed below PDL since then it has been in a profit booking mode and we can see a decline. Index can change the current sentiment when it will close above PDH. Also we have not seen any decent pullback of the whole up move which started from Oct month. I clearly told last weekend that we are likely to give a pullback before any further up move. This pullback can come till 18000-18100.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18620 then we will long for the target of 18720, 18800 and 18880.
For selling we need a 15 min candle close below 18525.Target will be 18415, 18295 and 18195.
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.
