NIFTY Intraday Trade Setup For 03 Jul 2023
Buy-Above 19205
Sl-19155
T- 19310 19420
Sell-Below 19135
Sl-19185
T-19050 18965
NIFTY has closed at a record high last week with 2.8% gain. Our long triggered on 26 May above 18460 for the target of a fresh ATH near 19100. Index hit our target slowly and steadily (18460-19200+). Now we will ride the momentum to the fullest by trailing it. As of now if a daily candle closes below PDL and that red candle's low is breached then we will exit our positions. As of now there is no scenario of sell. First of all it has to hit our trailing then on a bearish price structure in daily TF possibility of sell pans out.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19205 then we will long for the target of 19310 and 19420.
For selling we need a 15 min candle close below 19135. T- 19050 and 18965.
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 19205
Sl-19155
T- 19310 19420
Sell-Below 19135
Sl-19185
T-19050 18965
NIFTY has closed at a record high last week with 2.8% gain. Our long triggered on 26 May above 18460 for the target of a fresh ATH near 19100. Index hit our target slowly and steadily (18460-19200+). Now we will ride the momentum to the fullest by trailing it. As of now if a daily candle closes below PDL and that red candle's low is breached then we will exit our positions. As of now there is no scenario of sell. First of all it has to hit our trailing then on a bearish price structure in daily TF possibility of sell pans out.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 19205 then we will long for the target of 19310 and 19420.
For selling we need a 15 min candle close below 19135. T- 19050 and 18965.
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.
