NIFTY Intraday Trade Setup For 20 Jun 2022
Buy-Above 15400
Sl-15340
T-15500 15600 15700
Sell-Below 15180
Sl-15240
T- 15075 15000 14750
NIFTY has formed a doji candle in daily TF. We expected a pause candle after a big move so has happened. This is a pause candle and not a reversal yet. This will be marked a reversal candle if we get a big green candle in a follow up the next day. It just consolidated the whole day and formed a range on Friday. We will simply use this range to build our trade.
If index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500, 15600 and last target will be 15700.
In case it opens flat and a 15 Min candle closes below 15200. Below that candle we will sell for the target of 15075 and 15000.
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.
Intraday Resistance- 15600, 15700
Hourly Resistance- 15900
Buy-Above 15400
Sl-15340
T-15500 15600 15700
Sell-Below 15180
Sl-15240
T- 15075 15000 14750
NIFTY has formed a doji candle in daily TF. We expected a pause candle after a big move so has happened. This is a pause candle and not a reversal yet. This will be marked a reversal candle if we get a big green candle in a follow up the next day. It just consolidated the whole day and formed a range on Friday. We will simply use this range to build our trade.
If index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500, 15600 and last target will be 15700.
In case it opens flat and a 15 Min candle closes below 15200. Below that candle we will sell for the target of 15075 and 15000.
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.
Intraday Resistance- 15600, 15700
Hourly Resistance- 15900
