NIFTY Intraday Trade Setup For 07 Jul 2023
Buy-Above 19515
Sl-19465
T- 19606 19717
Sell-Below 19430
Sl-19480
T- 19339 19253
NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717.
For selling we need a 15 Min candle close below 19430. T- 19339 and 19253.
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 19515
Sl-19465
T- 19606 19717
Sell-Below 19430
Sl-19480
T- 19339 19253
NIFTY has closed on a positive note with 0.51% gain today. Yesterday it was mentioned that on a flat opening bullishness will be there from first half. It opened almost flat and buy triggered above 19435 and 1st target was almost achieved (19435-19512+). Now we have a small trendline resistance in 15 Min TF. Above this once again bullish momentum will kick in. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 19515 and 19430 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19515 then we will long for the target of 19606 and 19717.
For selling we need a 15 Min candle close below 19430. T- 19339 and 19253.
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.
