NIFTY Intraday Trade Setup For 21 Jun 2022
Buy-Above 15400
Sl-15345
T-15500 15600 15700
Sell-Below 15250
Sl-15300
T-15200 15075 15000
NIFTY has formed an inside candle in daily TF. Candle is a bullish pin-bar. Indicating a potential pullback of the current down move. It will be active above 15400. Expected upside move can be till 15600 and 15700. Positional view does not change till a bullish price action establishes in daily TF.
Since its an inside candle in daily TF, nothing major changes in analysis.
Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500 and 15600. last and final target will be 15700. Book max at 15700, PRZ placed.
For selling one needs to wait till 15180 is broken in the downside. however a scalp trade can be done if a 15 Min candle closes below 16250. 1st target will be 15200. Below 15180 fresh downside move will come till 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- 15700
Hourly Resistance- 15900
Buy-Above 15400
Sl-15345
T-15500 15600 15700
Sell-Below 15250
Sl-15300
T-15200 15075 15000
NIFTY has formed an inside candle in daily TF. Candle is a bullish pin-bar. Indicating a potential pullback of the current down move. It will be active above 15400. Expected upside move can be till 15600 and 15700. Positional view does not change till a bullish price action establishes in daily TF.
Since its an inside candle in daily TF, nothing major changes in analysis.
Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500 and 15600. last and final target will be 15700. Book max at 15700, PRZ placed.
For selling one needs to wait till 15180 is broken in the downside. however a scalp trade can be done if a 15 Min candle closes below 16250. 1st target will be 15200. Below 15180 fresh downside move will come till 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- 15700
Hourly Resistance- 15900
