NIFTY Intraday Trade Setup For 30 Dec 2022
Buy-Above 18230
Sl-18180
T-18327 18405
Sell-Below 18070
Sl-18120
T-18000 17950
NIFTY has closed on a positive sentiment with 0.38% gain. It has closed near day high which is bullish sentiment left for the next trading session. This bullishness will continue above today's high. A pullback is needed before breakout or else mid of the up move chances of a correction is high which will create noise for the buy trade. That pullback can come till 18139 if it opens below today's high which is 0.382 retracement of the whole impulsive move. Today sell triggered as per trade setup and gave more than 1:1. Then 10 o'clock range broke upside and gave a very good impulsive move.
Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 18230 then we will long for the target of 18327 and 18405. A pullback is needed.
For selling we need a 15 Min candle close 18070. T- 18000 and below.
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 18230
Sl-18180
T-18327 18405
Sell-Below 18070
Sl-18120
T-18000 17950
NIFTY has closed on a positive sentiment with 0.38% gain. It has closed near day high which is bullish sentiment left for the next trading session. This bullishness will continue above today's high. A pullback is needed before breakout or else mid of the up move chances of a correction is high which will create noise for the buy trade. That pullback can come till 18139 if it opens below today's high which is 0.382 retracement of the whole impulsive move. Today sell triggered as per trade setup and gave more than 1:1. Then 10 o'clock range broke upside and gave a very good impulsive move.
Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 18230 then we will long for the target of 18327 and 18405. A pullback is needed.
For selling we need a 15 Min candle close 18070. T- 18000 and below.
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.
