NIFTY Intraday Trade Setup For 13 May 2022
Buy-Above 16930
Sl-16870
T-16050 16150
Sell-Below 15735
Sl-15790
T-15600 15500
NIFTY closed with in deep red today. A complete bearish candle is formed in daily TF. The weekly low of 15670 is going to break soon. It opened with a big gap down and closed below 16000 in the 1st 5 Min. As usual below 15 Min candle low and below 10o'clock range it headed downwards till 15740.
Coming to tomorrow's trade setup, we will sell below 15735. Targets will be 15600 and 15500. 15670 is the weekly low.
Buying will be done only above 15930. If a 15 min candle closes above 15925 then above its high, we are gonna long for the target of 16025-16050. 2nd target will be 16150.
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.
Hourly Support- 15500
Hourly Resistance- 16400
Intraday Support- 15500
Intraday Resistance- 16200
Buy-Above 16930
Sl-16870
T-16050 16150
Sell-Below 15735
Sl-15790
T-15600 15500
NIFTY closed with in deep red today. A complete bearish candle is formed in daily TF. The weekly low of 15670 is going to break soon. It opened with a big gap down and closed below 16000 in the 1st 5 Min. As usual below 15 Min candle low and below 10o'clock range it headed downwards till 15740.
Coming to tomorrow's trade setup, we will sell below 15735. Targets will be 15600 and 15500. 15670 is the weekly low.
Buying will be done only above 15930. If a 15 min candle closes above 15925 then above its high, we are gonna long for the target of 16025-16050. 2nd target will be 16150.
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.
Hourly Support- 15500
Hourly Resistance- 16400
Intraday Support- 15500
Intraday Resistance- 16200
Trade active:
NIFTY Intraday Trade Setup For 13 May 2022
Buy-Above 15930
Sl-16870
T-16050 16150
Sell-Below 15735
Sl-15790
T-15600 15500
Buy-Above 15930
Sl-16870
T-16050 16150
Sell-Below 15735
Sl-15790
T-15600 15500
