NIFTY Intraday Trade Setup For 23 Jun 2022
Buy-Above 15470
Sl-15420
T-15530 15625 15700
Sell-Below 15380
Sl-15430
T-15300 15250 15200
NIFTY has closed at day low with almost 1.5% cut today. Last day we planned to sell below 15560. It opened slightly below our sell level then crashed from 15560 till 15390. It hit both the targets in sell side. This trade was too fast and hard to catch BTW. NIFTY was trending whereas BANKNIFTY held itself.
Coming to tomorrow's trade setup, if index flat and a 15 Min candle closes below 15385, we will short for the target of 15300, 15250 and 15200.
For buying we need a 15 Min candle close above 15470. we will long for the target of 15530, 15625.Last leg can touch 15700.
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- 15180-15200
Intraday Resistance- 15625
Buy-Above 15470
Sl-15420
T-15530 15625 15700
Sell-Below 15380
Sl-15430
T-15300 15250 15200
NIFTY has closed at day low with almost 1.5% cut today. Last day we planned to sell below 15560. It opened slightly below our sell level then crashed from 15560 till 15390. It hit both the targets in sell side. This trade was too fast and hard to catch BTW. NIFTY was trending whereas BANKNIFTY held itself.
Coming to tomorrow's trade setup, if index flat and a 15 Min candle closes below 15385, we will short for the target of 15300, 15250 and 15200.
For buying we need a 15 Min candle close above 15470. we will long for the target of 15530, 15625.Last leg can touch 15700.
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- 15180-15200
Intraday Resistance- 15625
