NIFTY Intraday Trade Setup For 12 Jan 2023
Buy-Above 17940
Sl-17890
T- 18020 18095
Sell-Below 17865
Sl-17915
T-17775 17673
NIFTY has closed on a flat note today with just 18 points cut. It was just too volatility in the 1st 1 hour. Market opened and fell more than 100 points and then sharp recovery of 150 points. It was updated to trail sl strictly as sell triggered as per trade setup. Those who could trail on time would have saved themselves with the unusual sharp moves. Later it just consolidated between a tight range of 75 points (17940-17865). Breakout of this range would decide the next trend. However above today's high and low will be important after the 75 points range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close below 17865 then we will short for the target of 17775-800. Below 17770 we will test 17670.
For selling we need a 15 Min candle close above 17940. T- 18020 and 18090-100.
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 17940
Sl-17890
T- 18020 18095
Sell-Below 17865
Sl-17915
T-17775 17673
NIFTY has closed on a flat note today with just 18 points cut. It was just too volatility in the 1st 1 hour. Market opened and fell more than 100 points and then sharp recovery of 150 points. It was updated to trail sl strictly as sell triggered as per trade setup. Those who could trail on time would have saved themselves with the unusual sharp moves. Later it just consolidated between a tight range of 75 points (17940-17865). Breakout of this range would decide the next trend. However above today's high and low will be important after the 75 points range breakout.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close below 17865 then we will short for the target of 17775-800. Below 17770 we will test 17670.
For selling we need a 15 Min candle close above 17940. T- 18020 and 18090-100.
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.
