NIFTY Intraday Trade Setup For 27 Jun 2023
Buy-Above 18725
Sl-18675
T- 18821 18920
Sell-Below 18640
Sl-18690
T- 18550 18450
NIFTY has closed with a slight gain of 0.14% today, almost flat note. It has formed a spinning top candle in daily TF which is a sign of indecision. Nothing triggered as per trade setup as it was sideways between the 10 o'clock range itself. It traded in a narrow range of 75 points between 18722 and 18647. Tomorrow we will simply trade on this range breakout. Be very strict in trailing with proper market structure in 5 and 15 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18725 then we will long for the target of 18821 and 18920.
For selling we need a 15 Min candle close below 18640. T- 18550 and 18450.
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 18725
Sl-18675
T- 18821 18920
Sell-Below 18640
Sl-18690
T- 18550 18450
NIFTY has closed with a slight gain of 0.14% today, almost flat note. It has formed a spinning top candle in daily TF which is a sign of indecision. Nothing triggered as per trade setup as it was sideways between the 10 o'clock range itself. It traded in a narrow range of 75 points between 18722 and 18647. Tomorrow we will simply trade on this range breakout. Be very strict in trailing with proper market structure in 5 and 15 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 18725 then we will long for the target of 18821 and 18920.
For selling we need a 15 Min candle close below 18640. T- 18550 and 18450.
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.
