NIFTY Intraday Trade Setup For 25 Nov 2022
Buy-Above 18530
Sl-18480
T-18655 18775
Sell-Below 18400
Sl-18450
T-18295 18210
NIFTY has closed with a positive note with 1.19% gain today. It was trending since morning. Buy triggered as per trade setup @ 18326 and hit both targets. Also the range (18450-18130) broke upside which was valid since last 4 days. The buy trade gave more than 200 points gain. No trailing sl was hit in 5 Min chart. It was slow and steady move except the last 30 min. Gain in NIFTY is contributed majorly by IT stocks. We will hit fresh ATH tomorrow most probably.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 18530 then we will long for the target of 18655. Above which we will hit 18775 and 18930.
For selling we need a 15 Min candle close below 18400. Target will be 18295, 18210 and 18130.
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 18530
Sl-18480
T-18655 18775
Sell-Below 18400
Sl-18450
T-18295 18210
NIFTY has closed with a positive note with 1.19% gain today. It was trending since morning. Buy triggered as per trade setup @ 18326 and hit both targets. Also the range (18450-18130) broke upside which was valid since last 4 days. The buy trade gave more than 200 points gain. No trailing sl was hit in 5 Min chart. It was slow and steady move except the last 30 min. Gain in NIFTY is contributed majorly by IT stocks. We will hit fresh ATH tomorrow most probably.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 18530 then we will long for the target of 18655. Above which we will hit 18775 and 18930.
For selling we need a 15 Min candle close below 18400. Target will be 18295, 18210 and 18130.
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.
