NIFTY Intraday Trade Setup For 18 Dec 2023
NIFTY Intraday Trade Setup For 18 Dec 2023
Bullish-Above 21500
Invalid-Below 21450
T- 21650 21825
Bearish-Below 21320
Invalid-Above 21370
T- 21169 21028
NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825.
For selling we need a 15 Min candle close below 21320. T- 21169 and 21028.
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.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 21500
Invalid-Below 21450
T- 21650 21825
Bearish-Below 21320
Invalid-Above 21370
T- 21169 21028
NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825.
For selling we need a 15 Min candle close below 21320. T- 21169 and 21028.
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.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.