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
