NIFTY Intraday Trade Setup For 13 Dec 2021
Buy-Above 17550
Sl-17520
T-17600 17700 17775
Sell-Below 17380
Sl-17410
T-17310 17250 17150
Index has changed its swing totally in hourly timeframe. If index sustains above 17600 in daily timeframe then 18050 will be the target for next week or for the coming days.
17600 is a major resistance. For selling index has created a base at 17350-17380. Till we get a closing below this in 15 Min TF. We will not plan for selling.
Index has formed a range in last two trading session. Range breakout trade is best here. But as SGX nifty is indicating opening around 17600 only. So we need to see price action for the 1st half an hour. Any negative candle or price rejection candle near 17600-17630 we can plan for a short trade with that 5 Min candle high as SL.
Buy-Above 17550
Sl-17520
T-17600 17700 17775
Sell-Below 17380
Sl-17410
T-17310 17250 17150
Index has changed its swing totally in hourly timeframe. If index sustains above 17600 in daily timeframe then 18050 will be the target for next week or for the coming days.
17600 is a major resistance. For selling index has created a base at 17350-17380. Till we get a closing below this in 15 Min TF. We will not plan for selling.
Index has formed a range in last two trading session. Range breakout trade is best here. But as SGX nifty is indicating opening around 17600 only. So we need to see price action for the 1st half an hour. Any negative candle or price rejection candle near 17600-17630 we can plan for a short trade with that 5 Min candle high as SL.
