NIFTY Intraday Trade Setup For 26 Dec 2022
Buy-Above 17885
Sl-17835
T-17960 18050
Sell-Below 17775
Sl-17825
T-17710 17637
NIFTY has closed on a negative note last day and week. After our swing long target hit and we exited our longs on 2 Dec after that we have seen a sharp fall in index. Later It was updated that a Bearish Harami candlestick has been formed in weekly charts. Trigger was below 18365. After trigger it has given 550+ points gain. Hold this with TSL as PDH ; also till we spot a bullish reversal price structure in 1H TF. Next important support will be near 17500 (50+,-). Also its a non stop fall so a pullback can also come in case of pullback it can test 18200 levels, this condition will be met only with reversal setups from support zones.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17885 then we will long. T- 17960 and 18050.
For selling we need a 15 Min candle close below 17775. T- 17710 and 17637.
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 17885
Sl-17835
T-17960 18050
Sell-Below 17775
Sl-17825
T-17710 17637
NIFTY has closed on a negative note last day and week. After our swing long target hit and we exited our longs on 2 Dec after that we have seen a sharp fall in index. Later It was updated that a Bearish Harami candlestick has been formed in weekly charts. Trigger was below 18365. After trigger it has given 550+ points gain. Hold this with TSL as PDH ; also till we spot a bullish reversal price structure in 1H TF. Next important support will be near 17500 (50+,-). Also its a non stop fall so a pullback can also come in case of pullback it can test 18200 levels, this condition will be met only with reversal setups from support zones.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17885 then we will long. T- 17960 and 18050.
For selling we need a 15 Min candle close below 17775. T- 17710 and 17637.
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.
