NIFTY Intraday Trade Setup For 18 Aug 2023
Bullish-Above 19390
Invalid-Below 19340
T- 19480 19570
Bearish-Below 19320
Invalid-Above 19370
T- 19250 19150
NIFTY has closed with a decent cut of 0.51% today. Sell triggered as per trade setup below 19410 and hit our 1st target very smoothly, then as usual bounce from the target zone. It has formed an inside candle in daily TF, so above 19485 if sustained by any chance then possibility of a big move tomorrow. However we will be buying above 19390. Below 19320 , simple short position. In case it sustains below 19250 then possibility of a big fall.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19390 then we will long for the target of 19465-80 and 19570.
For selling we need a 15 min candle close below 19320. T- 19250 and 19150.
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.
Bullish-Above 19390
Invalid-Below 19340
T- 19480 19570
Bearish-Below 19320
Invalid-Above 19370
T- 19250 19150
NIFTY has closed with a decent cut of 0.51% today. Sell triggered as per trade setup below 19410 and hit our 1st target very smoothly, then as usual bounce from the target zone. It has formed an inside candle in daily TF, so above 19485 if sustained by any chance then possibility of a big move tomorrow. However we will be buying above 19390. Below 19320 , simple short position. In case it sustains below 19250 then possibility of a big fall.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19390 then we will long for the target of 19465-80 and 19570.
For selling we need a 15 min candle close below 19320. T- 19250 and 19150.
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.
