NIFTY Intraday Trade Setup For 7 Dec 2022
Buy-Above 18655
Sl-18605
T-18730 18800
Sell-Below 18575
Sl-18625
T-18500 18425
NIFTY has closed with a slight cut of 0.31% today. And this cut is contributed only by the gap down opening. It has closed near day high which is a sign of bullishness. This bullishness will continue only above today's high. Fun fact is that today's trading range is just 77 point which is too small. Today sell triggered as per trade setup and gave a small downside move of 45 points almost 1:1. Also it traded within 10 o'clock range. So tomorrow's trade will be on this tight range breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18655 then we will long for the target of 18730 and 18800.
For selling we need a 15 Min candle close below 18500 and 18425.
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 18655
Sl-18605
T-18730 18800
Sell-Below 18575
Sl-18625
T-18500 18425
NIFTY has closed with a slight cut of 0.31% today. And this cut is contributed only by the gap down opening. It has closed near day high which is a sign of bullishness. This bullishness will continue only above today's high. Fun fact is that today's trading range is just 77 point which is too small. Today sell triggered as per trade setup and gave a small downside move of 45 points almost 1:1. Also it traded within 10 o'clock range. So tomorrow's trade will be on this tight range breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18655 then we will long for the target of 18730 and 18800.
For selling we need a 15 Min candle close below 18500 and 18425.
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.
