NIFTY Intraday Trade Setup For 1 Dec 2022
Buy-Above 18820
Sl-18770
T-18930 19030 19155
Sell-Below 18670
Sl-18720
T-18545 18450 18350
NIFTY has closed on a positive note with 0.75% gain. It has closed near day high. Index will have a strong momentum upside till it closes above PDL. Now next psychological level which is 19000 seems to be closer. Today it opened almost flat and buy triggered @ 18680 and gave a very fast momentum till 18816. It was triggered in the last hour. The trendline will be important to watch out which is plotted in pink.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18820 then we will long for the target of 18930, 19030 and 19155. 19k is important.
For selling we need a 15 min candle close below 18670. Target will be 18545, 18450 and 18350.
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 18820
Sl-18770
T-18930 19030 19155
Sell-Below 18670
Sl-18720
T-18545 18450 18350
NIFTY has closed on a positive note with 0.75% gain. It has closed near day high. Index will have a strong momentum upside till it closes above PDL. Now next psychological level which is 19000 seems to be closer. Today it opened almost flat and buy triggered @ 18680 and gave a very fast momentum till 18816. It was triggered in the last hour. The trendline will be important to watch out which is plotted in pink.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18820 then we will long for the target of 18930, 19030 and 19155. 19k is important.
For selling we need a 15 min candle close below 18670. Target will be 18545, 18450 and 18350.
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.
