NIFTY Intraday Trade Setup For 25 Aug 2023
Sell_1- From 19510
Sl-19560
T- 19440 19370
Sell_2- Below 19365
Sl- 19415
T- 19295 19210
NIFTY has closed on a slight bearish note with 0.29% cut. It opened with a big gap up today and 10 o'clock range broke downside below 19509 and last swing high/sl was 19521. Trade gave great gain of 130 points. It has formed a big bearish candle and chances of a continuation tomorrow is probable. On flat opening below 19365 we will short but later that will be our TSL/ reversal point. On flat/gap up opening 19510 will be a good resistance to short from. In case of gap down opening if range 10 o'clock range breaks upside then we will buy.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19365 then we will short for the target of 19295 and 19210.
2nd sell position will be from 19510 and we will consider only on flat/gap up opening only.
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.
Sell_1- From 19510
Sl-19560
T- 19440 19370
Sell_2- Below 19365
Sl- 19415
T- 19295 19210
NIFTY has closed on a slight bearish note with 0.29% cut. It opened with a big gap up today and 10 o'clock range broke downside below 19509 and last swing high/sl was 19521. Trade gave great gain of 130 points. It has formed a big bearish candle and chances of a continuation tomorrow is probable. On flat opening below 19365 we will short but later that will be our TSL/ reversal point. On flat/gap up opening 19510 will be a good resistance to short from. In case of gap down opening if range 10 o'clock range breaks upside then we will buy.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 19365 then we will short for the target of 19295 and 19210.
2nd sell position will be from 19510 and we will consider only on flat/gap up opening only.
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.
