NIFTY Intraday Trade Setup For 24 Nov 2022
NIFTY Intraday Trade Setup For 24 Nov 2022
Buy-Above18326
Sl-18275
T-18335 18445
Sell-Below 18245
Sl-18295
T-18195 18135
NIFTY has closed on a flat note with a slight gain of 20 points today. It was a Open=High day which created a bearish sentiment and at the time of closing it closed at day low. Our TSL for swing long (triggered @ 17430 on 18 Oct) is 17950 which is the last swing low in daily TF. Now shift the TSL to 18130 as it is the last swing low now. As of now range is 18450 and 18130. Breakout of this range will trigger the next move either side.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18326 then we will long for the target of 18385 and 18445.
For selling we need a 15 Min candle close below 18245. Target will be 18195 and 18135.
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-Above18326
Sl-18275
T-18335 18445
Sell-Below 18245
Sl-18295
T-18195 18135
NIFTY has closed on a flat note with a slight gain of 20 points today. It was a Open=High day which created a bearish sentiment and at the time of closing it closed at day low. Our TSL for swing long (triggered @ 17430 on 18 Oct) is 17950 which is the last swing low in daily TF. Now shift the TSL to 18130 as it is the last swing low now. As of now range is 18450 and 18130. Breakout of this range will trigger the next move either side.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18326 then we will long for the target of 18385 and 18445.
For selling we need a 15 Min candle close below 18245. Target will be 18195 and 18135.
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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