NIFTY Intraday Trade Setup For 04 Jul 2023
Buy-Above 19350
Sl-19300
T- 19430 19515
Sell-Below 19285
Sl-19335
T- 19189 19094
NIFTY has closed on a bullish note with 0.7% gain today. It opened with a minor gap up above our buy level and 1st target was achieved as per trade setup. It opened with a gap up but 10 o'clock range was intact for the whole day. Nothing triggered as per 10 o'clock range breakout as it traded inside the range. Our swing position is doing fantastic. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 18350 and 19285 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19350 then we will long for the target of 19430 and 19515.
For selling we need a 15 Min candle closes below 19285 then we will long for the target of 19189 and 19094.
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 19350
Sl-19300
T- 19430 19515
Sell-Below 19285
Sl-19335
T- 19189 19094
NIFTY has closed on a bullish note with 0.7% gain today. It opened with a minor gap up above our buy level and 1st target was achieved as per trade setup. It opened with a gap up but 10 o'clock range was intact for the whole day. Nothing triggered as per 10 o'clock range breakout as it traded inside the range. Our swing position is doing fantastic. TSL for the long position (from 18460) is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. 18350 and 19285 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 19350 then we will long for the target of 19430 and 19515.
For selling we need a 15 Min candle closes below 19285 then we will long for the target of 19189 and 19094.
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.
