NIFTY Intraday Trade Setup For 21 Dec 2022
NIFTY Intraday Trade Setup For 21 Dec 2022
Buy-Above 18405
Sl-18355
T-18510 18600
Sell-Below 18300
Sl-18350
T-18210 18070
NIFTY has closed with a minor cut of 0.19%. Once again it has closed near day high with a V shape recovery in intraday. A Pinbar candle formed in daily charts which transmits bullishness. Above its high we will see good upside move. Today sell triggered below 18320 and gave parabolic move till 18205.10 o'clock range was intact till the last 15 Min of closing.
Next round of selling will be triggered below 18200.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18405 then we will long for the target of 18510. Extended target will be 18600 and 18700. A pullback will be suited.
For selling we need a 15 Min candle close below 18300. A pullback or consolidation needed before breakdown. T- 18210. Below 18200 proceed towards 18k.
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 18405
Sl-18355
T-18510 18600
Sell-Below 18300
Sl-18350
T-18210 18070
NIFTY has closed with a minor cut of 0.19%. Once again it has closed near day high with a V shape recovery in intraday. A Pinbar candle formed in daily charts which transmits bullishness. Above its high we will see good upside move. Today sell triggered below 18320 and gave parabolic move till 18205.10 o'clock range was intact till the last 15 Min of closing.
Next round of selling will be triggered below 18200.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18405 then we will long for the target of 18510. Extended target will be 18600 and 18700. A pullback will be suited.
For selling we need a 15 Min candle close below 18300. A pullback or consolidation needed before breakdown. T- 18210. Below 18200 proceed towards 18k.
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.