NIFTY Intraday Trade Setup For 06 Jun 2023
Buy-Above 18641
Sl-18590
T- 18730 18820
Sell-Below 18580
Sl-18630
T- 18495 18409
NIFTY has closed with a 0.32% gain today. Although it closed with gain it ended the day with bearish sentiment as it closed near day low and all the gains were contributed by gap up. Index is inside the daily range of 18670 and 18460. Index will be trading on sideways note till we are inside the broader range. Tomorrow we will trade above and below today's high and low. Today it opened above our buy level with a decent gap up. It was inside the 10 o'clock range whole day.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18641 then we will long for the target of 18730 and 18820.
For selling we need a 15 Min candle close below 18580. T- 18495 and 18409.
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 18641
Sl-18590
T- 18730 18820
Sell-Below 18580
Sl-18630
T- 18495 18409
NIFTY has closed with a 0.32% gain today. Although it closed with gain it ended the day with bearish sentiment as it closed near day low and all the gains were contributed by gap up. Index is inside the daily range of 18670 and 18460. Index will be trading on sideways note till we are inside the broader range. Tomorrow we will trade above and below today's high and low. Today it opened above our buy level with a decent gap up. It was inside the 10 o'clock range whole day.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18641 then we will long for the target of 18730 and 18820.
For selling we need a 15 Min candle close below 18580. T- 18495 and 18409.
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.
