NIFTY Intraday Trade Setup For 25 May 2023
Buy-Above 18326
Sl- 18275
T- 18425 18527
Sell-Below 18260
Sl- 18310
T- 18175 18100
NIFTY has closed on a slight bearish note with 0.34% cut today. It opened with a decent gap down opening and 10 o'clock range broke upside above 18357 and gave around 35 points gain. However when sell triggered below 18320 it gave a good momentum gain of 55 points. Till now previous weeks range is intact and index has not broken any hourly levels- 18460 and 18060. Best trade will be on flat opening tomorrow.
Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 18326 then we will long for the target of 18425 and 18527.
For selling we need a 15 Min candle close below 18260. T- 18175 and 18100.
Be strict with trailing with RR in both side trades.
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 18326
Sl- 18275
T- 18425 18527
Sell-Below 18260
Sl- 18310
T- 18175 18100
NIFTY has closed on a slight bearish note with 0.34% cut today. It opened with a decent gap down opening and 10 o'clock range broke upside above 18357 and gave around 35 points gain. However when sell triggered below 18320 it gave a good momentum gain of 55 points. Till now previous weeks range is intact and index has not broken any hourly levels- 18460 and 18060. Best trade will be on flat opening tomorrow.
Coming to Thursday's trade setup, if index opens flat and 15 Min candle closes above 18326 then we will long for the target of 18425 and 18527.
For selling we need a 15 Min candle close below 18260. T- 18175 and 18100.
Be strict with trailing with RR in both side trades.
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.
