NIFTY Intraday Trade Setup For 19 Dec 2022
Buy-Above 18441
Sl-18390
T-18530 18610
Sell_1- From 18356
Sl-18405
T-18270 18185
Sell_2- Below 18255
Sl-18305
T-18117 17977
NIFTY has closed on a negative note last day and last week. Last week our swing long target hit and we are witnessing a dot reversal from 18700 levels. Also a Bearish Harami was formed in weekly TF. That was triggered now it is active. Below today's low- 18250 we are likely to test 18000 and 17850(extended) in the coming days. An inverted hammer formed in daily TF and a follow up is candle needed now.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 18255 then we will short. T-18117 and 17977.
In case we opened flat and PDL is safe and 18356 is tested in the 1st 45 Min then we will short. T-18270 and 18185.
For buying we need a 15 min candle close above 18441. T- 18530 and 18610.
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 18441
Sl-18390
T-18530 18610
Sell_1- From 18356
Sl-18405
T-18270 18185
Sell_2- Below 18255
Sl-18305
T-18117 17977
NIFTY has closed on a negative note last day and last week. Last week our swing long target hit and we are witnessing a dot reversal from 18700 levels. Also a Bearish Harami was formed in weekly TF. That was triggered now it is active. Below today's low- 18250 we are likely to test 18000 and 17850(extended) in the coming days. An inverted hammer formed in daily TF and a follow up is candle needed now.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 18255 then we will short. T-18117 and 17977.
In case we opened flat and PDL is safe and 18356 is tested in the 1st 45 Min then we will short. T-18270 and 18185.
For buying we need a 15 min candle close above 18441. T- 18530 and 18610.
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.
