NIFTY Intraday Trade Setup For 29 Nov 2022
Buy-Above 18615
Sl-18565
T-18695 18775 18855
Sell-Below 18545
Sl-18595
T-18445 18365 18295
NIFTY has closed on a positive note with 0.27% gain today. It made a fresh ATH today. Our swing long target triggered on 18 Oct 2022 @ 17430 was hit today. One can book some profit in this zone or trail tightly with TSL as last swing lows in hourly and daily TF. Today it opened with a decent gap down. Later 10 o'clock range broke upside @18550 and gave a good move till 18614, more than 60 points gain. RR was good in this trade; 1:3 was achieved.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18615 then we will long for the target of 18695, 18855 and 18930.
For selling we need a 15 min candle close below 18545. Target will be 18445, 18365 and 18295.
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 18615
Sl-18565
T-18695 18775 18855
Sell-Below 18545
Sl-18595
T-18445 18365 18295
NIFTY has closed on a positive note with 0.27% gain today. It made a fresh ATH today. Our swing long target triggered on 18 Oct 2022 @ 17430 was hit today. One can book some profit in this zone or trail tightly with TSL as last swing lows in hourly and daily TF. Today it opened with a decent gap down. Later 10 o'clock range broke upside @18550 and gave a good move till 18614, more than 60 points gain. RR was good in this trade; 1:3 was achieved.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18615 then we will long for the target of 18695, 18855 and 18930.
For selling we need a 15 min candle close below 18545. Target will be 18445, 18365 and 18295.
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.
