NIFTY Intraday Trade Setup For 19 Jun 2023
Buy-Above 18865
Sl-18815
T- 18935 19020
Sell-Below 18805
Sl-18855
T- 18745 18670
NIFTY has closed on a bullish note with 1.41% gain last week. Last week we discussed that we were at the hourly trendline support. This week support was taken and we rallied in a slight zig-zag way. On 26 May , long triggered @ 18460 on the daily swing breakout. Till now we have got 400 points gain. 1st target is a fresh ATH which is already discussed multiple times. We are at striking distance to our 1st target. No sign of bearishness till we break the hourly trendline support. Also sentiment will reverse when we will close below previous week's low.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18865 then we will long for the target of 18935 19020.
For selling we need a 15 Min candle close below 18805. T- 18745 and 18670.
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 18865
Sl-18815
T- 18935 19020
Sell-Below 18805
Sl-18855
T- 18745 18670
NIFTY has closed on a bullish note with 1.41% gain last week. Last week we discussed that we were at the hourly trendline support. This week support was taken and we rallied in a slight zig-zag way. On 26 May , long triggered @ 18460 on the daily swing breakout. Till now we have got 400 points gain. 1st target is a fresh ATH which is already discussed multiple times. We are at striking distance to our 1st target. No sign of bearishness till we break the hourly trendline support. Also sentiment will reverse when we will close below previous week's low.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18865 then we will long for the target of 18935 19020.
For selling we need a 15 Min candle close below 18805. T- 18745 and 18670.
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.
