NIFTY Intraday Trade Setup For 17 Jun 2023
NIFTY Intraday Trade Setup For 17 Jun 2023
Buy-Above 18760
Sl- 18710
'T- 18823 18890
Sell-Below 18665
T- 18715
T- 18609 18550
NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890.
For selling we need a 15 Min candle close below 18665. T- 18600 18540.
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 18760
Sl- 18710
'T- 18823 18890
Sell-Below 18665
T- 18715
T- 18609 18550
NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890.
For selling we need a 15 Min candle close below 18665. T- 18600 18540.
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.