NIFTY Intraday Trade Setup For 11 Jul 2022
NIFTY Intraday Trade Setup For 11 Jul 2022
Buy-Above 16240
Sl-16190
T-16300 16400
Sell-Below 16160
Sl-16200
T-16100 16050
NIFTY has closed with 0.5% gain on Friday. Swing got triggered on 6 Jul last week. We expected NIFTY to touch 16600 above 15930. So index has given more than 2% move till now. Index has made small range on Friday's session. We will simply initiate a trade above and below the range high and low respectively.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 16240. We will long for the target of 16300 and 16400.
For selling if a 5/15 Min candle closes below 16160. We will short for the target of 16100 and 16050.
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 Support- 16000
Intraday Resistance- 16305
Buy-Above 16240
Sl-16190
T-16300 16400
Sell-Below 16160
Sl-16200
T-16100 16050
NIFTY has closed with 0.5% gain on Friday. Swing got triggered on 6 Jul last week. We expected NIFTY to touch 16600 above 15930. So index has given more than 2% move till now. Index has made small range on Friday's session. We will simply initiate a trade above and below the range high and low respectively.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 16240. We will long for the target of 16300 and 16400.
For selling if a 5/15 Min candle closes below 16160. We will short for the target of 16100 and 16050.
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 Support- 16000
Intraday Resistance- 16305
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.