NIFTY Intraday Trade Setup For 27 Jul 2022
NIFTY Intraday Trade Setup For 27 Jul 2022
Buy-Above 16575
Sl-16520
T-16635 16685
Sell-Below 16465
Sl-16525
T-16386 16315
NIFTY has closed on a negative sentiment with almost 0.9% cut. Last day we planned to sell below the daily spinning top candle as it indicated a trend reversal at top. We planned to sell below 16565, it got triggered @ 9:15 when 5 Min candle closed and hit our 1st target very smoothly. This gave a momentum from 16565 till 16465.
Coming to tomorrow's trade setup, if index flat and a 5 Min candle closes below 16465 we will short for the target of 16386 and 16315. Book max near 16300-16315.
If a 5 Min candle closes above 16575, we will long for the target of 16635-40 and 16685-90. Above 16685 it will test 16750 levels.
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 16575
Sl-16520
T-16635 16685
Sell-Below 16465
Sl-16525
T-16386 16315
NIFTY has closed on a negative sentiment with almost 0.9% cut. Last day we planned to sell below the daily spinning top candle as it indicated a trend reversal at top. We planned to sell below 16565, it got triggered @ 9:15 when 5 Min candle closed and hit our 1st target very smoothly. This gave a momentum from 16565 till 16465.
Coming to tomorrow's trade setup, if index flat and a 5 Min candle closes below 16465 we will short for the target of 16386 and 16315. Book max near 16300-16315.
If a 5 Min candle closes above 16575, we will long for the target of 16635-40 and 16685-90. Above 16685 it will test 16750 levels.
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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.