NIFTY Intraday Trade Setup For 13 Feb 2023
Buy-Above 17880
Sl-17830
T- 17970 18026
Sell-Below 17779
Sl-17830
T-17695 17585
NIFTY has closed on a absolute flat note last last week. Its a complete neutral closing and same sentiment was on during the whole week. No big momentum was seen as VIX crashed vertically after the Union Budget. Till now index is inside the Budget day range. As a result Inside candle has been formed in weekly charts. 1st trigger will be above/below mother candle's high/low. Monday's trade setup will be based on Friday's tight range.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17880 then we will long for the target of 17970 and 18025. 17920 is important to be sustained.
For selling we need a 15 Min candle close below 17779. However it will be week below 17800. T- 17695 and 17585.
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 17880
Sl-17830
T- 17970 18026
Sell-Below 17779
Sl-17830
T-17695 17585
NIFTY has closed on a absolute flat note last last week. Its a complete neutral closing and same sentiment was on during the whole week. No big momentum was seen as VIX crashed vertically after the Union Budget. Till now index is inside the Budget day range. As a result Inside candle has been formed in weekly charts. 1st trigger will be above/below mother candle's high/low. Monday's trade setup will be based on Friday's tight range.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17880 then we will long for the target of 17970 and 18025. 17920 is important to be sustained.
For selling we need a 15 Min candle close below 17779. However it will be week below 17800. T- 17695 and 17585.
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.
