NIFTY Intraday Trade Setup For 23 Jun 2023
Buy-Above 18890
Sl-18840
T- 18973 19058
Sell-Below 18755
Sl-18805
T- 18655 18550
NIFTY has closed on a bearish sentiment with 0.45% cut today. It is just consolidating at ATH since last 4 sessions. ATH has become a ceiling now. Breakout will give us the next directional move. For selling we need a proper bearish price structure in daily TF. Today it traded inside previous day's range almost the whole day. Only after 2 PM sell triggered which did not give us the target due to closing bell. 18817 is the mid point for tomorrow's session. 18890 and 18755 are the trade trigger levels.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18890 then we will long for the target of 18973 and 19058.
For selling we need a 15 min candle close below 18755. T- 18655 and 18550.
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 18890
Sl-18840
T- 18973 19058
Sell-Below 18755
Sl-18805
T- 18655 18550
NIFTY has closed on a bearish sentiment with 0.45% cut today. It is just consolidating at ATH since last 4 sessions. ATH has become a ceiling now. Breakout will give us the next directional move. For selling we need a proper bearish price structure in daily TF. Today it traded inside previous day's range almost the whole day. Only after 2 PM sell triggered which did not give us the target due to closing bell. 18817 is the mid point for tomorrow's session. 18890 and 18755 are the trade trigger levels.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18890 then we will long for the target of 18973 and 19058.
For selling we need a 15 min candle close below 18755. T- 18655 and 18550.
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.
