NIFTY Intraday Trade Setup For 1 Jul 2022
Buy-Above 15850
Sl-15800
T-15930 16018
Sell-Below 15700
Sl-15750
T-15620 15550
NIFTY has closed absolutely flat on Expiry day. A doji formed in daily daily charts, which is a sign of in trend pause. Last day we planned to buy above 15860, gave a 30 points move then a reversal candle was formed and index fell to make a new low. BANKNIFTY moved higher and held itself at 33330 throughout the day. Whereas NIFTY was weak and a selling pressure is what we saw.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15700. Below its low we will short for the target of 15620 and 15550.
With a flat opening if a 15 Min candle closes above 15850, we will long for the target of 15930 and 16018.
Safe traders should wait till 15930 is sustained in the higher side.
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.
Intraday Support- 15550
Intraday Resistance- 16018
Buy-Above 15850
Sl-15800
T-15930 16018
Sell-Below 15700
Sl-15750
T-15620 15550
NIFTY has closed absolutely flat on Expiry day. A doji formed in daily daily charts, which is a sign of in trend pause. Last day we planned to buy above 15860, gave a 30 points move then a reversal candle was formed and index fell to make a new low. BANKNIFTY moved higher and held itself at 33330 throughout the day. Whereas NIFTY was weak and a selling pressure is what we saw.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15700. Below its low we will short for the target of 15620 and 15550.
With a flat opening if a 15 Min candle closes above 15850, we will long for the target of 15930 and 16018.
Safe traders should wait till 15930 is sustained in the higher side.
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.
Intraday Support- 15550
Intraday Resistance- 16018
