NIFTY Intraday Trade Setup For 23 Dec 2022
Buy-Above 18185
Sl-18135
T-18320 18410+
Sell-Below 18065
Sl-18115
T-17927 17835
NIFTY has closed on a bearish sentiment with 0.39% cut. It was trendy till 1:00 PM just like yesterday. Today market opened with with slight gap up and sell triggered below 18160 and hit our 1st target very smoothly. This trade gave more than 90 points gain. Buy level just tested but no candle closed above that. As of now we are near a short term support zone- 18000. So now whenever we will consider sell we have to be strict in trailing. Tomorrow's closing will be important for view building for the next week.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18320. Post pullback we can proceed towards next - 18500.
For selling we need a 15 Min candle close below 18065. T-17927 and 17835. 18k will be very important to watch so trail sl strictly.
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 18185
Sl-18135
T-18320 18410+
Sell-Below 18065
Sl-18115
T-17927 17835
NIFTY has closed on a bearish sentiment with 0.39% cut. It was trendy till 1:00 PM just like yesterday. Today market opened with with slight gap up and sell triggered below 18160 and hit our 1st target very smoothly. This trade gave more than 90 points gain. Buy level just tested but no candle closed above that. As of now we are near a short term support zone- 18000. So now whenever we will consider sell we have to be strict in trailing. Tomorrow's closing will be important for view building for the next week.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18320. Post pullback we can proceed towards next - 18500.
For selling we need a 15 Min candle close below 18065. T-17927 and 17835. 18k will be very important to watch so trail sl strictly.
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.
