NIFTY Intraday Trade Setup For 5 Jul 2022
NIFTY Intraday Trade Setup For 5 Jul 2022
Buy-Above 15855
Sl-15800
T-15950 16050
Sell-Below 15730
Sl-15890
T-15650 15550
NIFTY has given a bullish momentum above hammer candle's high which was formed on Friday. We planned to but above 15790. As soon as a candle closed above , it gave a nice momentum till 15850. This is likely to continue.
Coming to tomorrow's trade setup, if index opens flat and a 1/5 Min candle closes above 15855. We will long for the target of 15950 and 16050.
For selling we need a 15 Min candle close below 15735. Below that target will be 15650 and 15550.
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.
Safe traders should consider buying after a pullback.
Intraday Support- 15635
Intraday Resistance- 16065
Buy-Above 15855
Sl-15800
T-15950 16050
Sell-Below 15730
Sl-15890
T-15650 15550
NIFTY has given a bullish momentum above hammer candle's high which was formed on Friday. We planned to but above 15790. As soon as a candle closed above , it gave a nice momentum till 15850. This is likely to continue.
Coming to tomorrow's trade setup, if index opens flat and a 1/5 Min candle closes above 15855. We will long for the target of 15950 and 16050.
For selling we need a 15 Min candle close below 15735. Below that target will be 15650 and 15550.
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.
Safe traders should consider buying after a pullback.
Intraday Support- 15635
Intraday Resistance- 16065
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.