NIFTY Intraday Trade Setup For 30 May 2023

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 30 May 2023

Buy-Above 18645
T- 18730 18820

Sell-Below 18580
T- 18490 18409

NIFTY has closed with 0.54% gain today. On weekend we discussed that index is ready for the next bullish momentum which will give a fresh ATH. Bullish moves are mostly hard to enter mid way as mostly they are pulled by huge gap ups. Today it opened with a big gap up and then it turned total sideways. Whole day it traded inside the 10 o'clock range. Approach will be to buy the dips with proper reversal structure in 15 Min TF. We will wait for a CIP if we get in hourly TF.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18645 then we will long for the target of 18730 and 1880.

For selling we need a 15 Min candle close below 18580. T- 18490 and 18409.

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.


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