NIFTY Intraday Trade Setup For 06 Jul 2023
Buy-Above 19435
Sl-19385
T- 19527 19620
Sell-Below 19335
Sl-19385
T- 19253 19175
NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620.
For selling we need a 15 min candle close below 19335. T- 19253 and 19175.
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 19435
Sl-19385
T- 19527 19620
Sell-Below 19335
Sl-19385
T- 19253 19175
NIFTY has closed on a complete flat note today. It has formed an inside candle in daily TF. It was a complete rangebound session with momentum almost cemented. It has formed a range in 15 Min TF. Breakout of 19435 and 19335 will give us a trendy move. On a flat opening it may maintain a bullish stance in the first half. session. Sentiment is bullish across TF, slight sentimental change will be there when we close below PDL and that red candle's low is breached. That is also the TSL for our swing low position.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 19435 then we will long for the target of 19527 and 19620.
For selling we need a 15 min candle close below 19335. T- 19253 and 19175.
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.
