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NIFTY Intraday Trade Setup For 19 Jan 2022

Nifty 50 Index (NSE:NIFTY)  
Omahto  
NSE:NIFTY   Nifty 50 Index
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NIFTY Intraday Trade Setup For 19 Jan 2022

Buy-None

Sell-Below 18080
Sl-18020
T-18000 17900

NIFTY has formed a bear engulfing candle today. Also Index has closed below its previous day low after so many days. Also the trendline has been broken in hourly TF. Index can show some profit booking now.

We planned to buy above 18225 but we did not get a perfect green candle to enter. The buying idea did not work. After some time sell was triggered and index gave a move below 18260 to 18190 levels and that was our 1st target.

Avoid buying as of now. Look for shorting opportunity. The ideal trade will be short below today's low. First target would be 18000.

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