NIFTY Intraday Trade Setup For 22 Jun 2022
Buy-Above 15710
Sl-15750
T-15800 15880
Sell-Below 15560
Sl-15610
T-15490 15400
NIFTY has given a follow up to the Pin Bar candle formed in daily TF. We planned to buy above pin bar's high- 15400 in the expectation of a pullback of the recent sell off. So has happened it rallied and hit our target 15700.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 15710 then we will long for the target of 15800 and 15880. 15900 (+-20) can act as resistance.
If a 15 Min candle closes below 15560 then we will below the breakdown candle's low or below 15550 we will short for the target of 15490 and 15400. Book max near 15400.
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- 15900
Hourly resistance- 15900
Buy-Above 15710
Sl-15750
T-15800 15880
Sell-Below 15560
Sl-15610
T-15490 15400
NIFTY has given a follow up to the Pin Bar candle formed in daily TF. We planned to buy above pin bar's high- 15400 in the expectation of a pullback of the recent sell off. So has happened it rallied and hit our target 15700.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 15710 then we will long for the target of 15800 and 15880. 15900 (+-20) can act as resistance.
If a 15 Min candle closes below 15560 then we will below the breakdown candle's low or below 15550 we will short for the target of 15490 and 15400. Book max near 15400.
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- 15900
Hourly resistance- 15900
