NIFTY Intraday Trade Setup For 4 Jan 2023
NIFTY Intraday Trade Setup For 4 Jan 2023
Buy-Above 18255
Sl-18205
T- 18322 18400
Sell-Below 18205
Sl-18255
T-18138 18074
NIFTY has closed almost on a flat note with slight gain of 0.19%. It has closed near day high which is showing strength. Last day also it closed near day high. This bullish sentiment will burst out above 18270, it is the high of the mother candle (inside candle). Index can turn bearish below today's low if sustained below. Keep an close eye on the trendline plotted with the last swing low. Today buy triggered above 18220 then it was updated to trail sl which was hit (C2C).
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18255 then we will long for the target of 18322 and 18400. Extended target - 18500.
For selling we need a 15 Min candle close below 18205. T- 18138 and 18074. Extended target- 17955.
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 18255
Sl-18205
T- 18322 18400
Sell-Below 18205
Sl-18255
T-18138 18074
NIFTY has closed almost on a flat note with slight gain of 0.19%. It has closed near day high which is showing strength. Last day also it closed near day high. This bullish sentiment will burst out above 18270, it is the high of the mother candle (inside candle). Index can turn bearish below today's low if sustained below. Keep an close eye on the trendline plotted with the last swing low. Today buy triggered above 18220 then it was updated to trail sl which was hit (C2C).
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18255 then we will long for the target of 18322 and 18400. Extended target - 18500.
For selling we need a 15 Min candle close below 18205. T- 18138 and 18074. Extended target- 17955.
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.
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