NIFTY Intraday Trade Setup For 16 Jun 2022
Buy-Above 15785
Sl-15740
T-15850 15900
Sell-Below 15660
Sl-15710
T-15575 15490
NIFTY has formed an inside candle in daily TF. High and low of the mother candle will be levels to buy and sell. Market traded inside a range overall. It has closed at support. We will simply trade above and below today's high and low.
Coming to tomorrow's trade setup, if a 15 Min candle closes below 15680(safer level- 15660) we will short for the target of 15575 and 15490. Final target will be 15350 in the coming days.
For buying we need a candle close above 15785 to initiate a long position for the target of 15850 and 15900.
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 Support- 15660
Intraday Resistance- 15900
Hourly Support- 15350
Hourly Resistance- 16200
Buy-Above 15785
Sl-15740
T-15850 15900
Sell-Below 15660
Sl-15710
T-15575 15490
NIFTY has formed an inside candle in daily TF. High and low of the mother candle will be levels to buy and sell. Market traded inside a range overall. It has closed at support. We will simply trade above and below today's high and low.
Coming to tomorrow's trade setup, if a 15 Min candle closes below 15680(safer level- 15660) we will short for the target of 15575 and 15490. Final target will be 15350 in the coming days.
For buying we need a candle close above 15785 to initiate a long position for the target of 15850 and 15900.
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 Support- 15660
Intraday Resistance- 15900
Hourly Support- 15350
Hourly Resistance- 16200
