NIFTY Intraday Trade Setup For 12 Jul 2022
NIFTY Intraday Trade Setup For 12 Jul 2022
Buy-Above 16250
Sl-16200
T-16325 16400
Sell-Below 16115
Sl-16165
T-16045 15990
NIFTY has closed almost flat today. It opened with a slight gap down and triggered sell at 16160. It gave 40 points gain. Then 10 o'clock range broke upside above 16180 and gave a good move till 16248+.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 16250 we will long for the target of 16325. Book max here. Extended target will be 16400.
For selling we need a 15 Min candle close below 16115. Target will be 16050 and 15990. Weakness will come below 16160.
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 Resistance- 16325
Intraday Support- 15985
Buy-Above 16250
Sl-16200
T-16325 16400
Sell-Below 16115
Sl-16165
T-16045 15990
NIFTY has closed almost flat today. It opened with a slight gap down and triggered sell at 16160. It gave 40 points gain. Then 10 o'clock range broke upside above 16180 and gave a good move till 16248+.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 16250 we will long for the target of 16325. Book max here. Extended target will be 16400.
For selling we need a 15 Min candle close below 16115. Target will be 16050 and 15990. Weakness will come below 16160.
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 Resistance- 16325
Intraday Support- 15985
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.