NIFTY Intraday Trade Setup For 1 Jul 2022
NIFTY Intraday Trade Setup For 1 Jul 2022
Buy-Above 15850
Sl-15800
T-15930 16018
Sell-Below 15700
Sl-15750
T-15620 15550
NIFTY has closed absolutely flat on Expiry day. A doji formed in daily daily charts, which is a sign of in trend pause. Last day we planned to buy above 15860, gave a 30 points move then a reversal candle was formed and index fell to make a new low. BANKNIFTY moved higher and held itself at 33330 throughout the day. Whereas NIFTY was weak and a selling pressure is what we saw.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15700. Below its low we will short for the target of 15620 and 15550.
With a flat opening if a 15 Min candle closes above 15850, we will long for the target of 15930 and 16018.
Safe traders should wait till 15930 is sustained in the higher side.
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.
Intraday Support- 15550
Intraday Resistance- 16018
Buy-Above 15850
Sl-15800
T-15930 16018
Sell-Below 15700
Sl-15750
T-15620 15550
NIFTY has closed absolutely flat on Expiry day. A doji formed in daily daily charts, which is a sign of in trend pause. Last day we planned to buy above 15860, gave a 30 points move then a reversal candle was formed and index fell to make a new low. BANKNIFTY moved higher and held itself at 33330 throughout the day. Whereas NIFTY was weak and a selling pressure is what we saw.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15700. Below its low we will short for the target of 15620 and 15550.
With a flat opening if a 15 Min candle closes above 15850, we will long for the target of 15930 and 16018.
Safe traders should wait till 15930 is sustained in the higher side.
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.
Intraday Support- 15550
Intraday Resistance- 16018
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.