NIFTY Intraday Trade Setup For 11 Jan 2023
NIFTY Intraday Trade Setup For 11 Jan 2023
Buy-Above 17975
Sl-17925
T- 18060 18145
Sell-Below 17855
Sl-17905
T- 17755 17655
NIFTY has closed on a bearish sentiment today with 1.03% cut. Today it opened flat and sell triggered in the 1st 45 Min as per trade setup. Sell triggered below 17995 and hit our 1st target very smoothly. This trade gave more than 130 points which was more than 1:2. Important level is 17770 in daily TF. Sustaining below this would lead to more fall in the coming days. 18270 is the major swing high in daily TF. Sustaining above this will lead to up move in the coming days. In between its just sideways momentum.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17975 then we will long for the target of 18060 and 18145.
For selling we need a 15 Min candle close below 17855. T- 17755 and 17655.
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 17975
Sl-17925
T- 18060 18145
Sell-Below 17855
Sl-17905
T- 17755 17655
NIFTY has closed on a bearish sentiment today with 1.03% cut. Today it opened flat and sell triggered in the 1st 45 Min as per trade setup. Sell triggered below 17995 and hit our 1st target very smoothly. This trade gave more than 130 points which was more than 1:2. Important level is 17770 in daily TF. Sustaining below this would lead to more fall in the coming days. 18270 is the major swing high in daily TF. Sustaining above this will lead to up move in the coming days. In between its just sideways momentum.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17975 then we will long for the target of 18060 and 18145.
For selling we need a 15 Min candle close below 17855. T- 17755 and 17655.
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.
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