NIFTY Intraday Trade Setup For 7 Jul 2022
NIFTY Intraday Trade Setup For 7 Jul 2022
Buy-Above 16025
Sl-15070
T-16110 16200 16300
Sell-Below 15900
Sl-15950
T- 15850 15800
NIFTY has formed a good bullish candle in daily TF. Technically its an inside candle with bullish sentiment. Index has closed above the daily resistance - 15930. Above 16025 index is ready to test 16600. Closing is near day high. So it is likely to trigger the buy trade tomorrow. Best trade will be on a flat opening.
Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above our buy level- 16025. we will long for the target of 16110, 16200 and 16300.
In case a 15 Min candle closes below 15910. We will short for the target of 15850 and 15800. Below 15780 fresh downside move is expected.
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.
High probability trade is in buy side.
Intraday Resistance- 16300
Intraday Support- 15800
Buy-Above 16025
Sl-15070
T-16110 16200 16300
Sell-Below 15900
Sl-15950
T- 15850 15800
NIFTY has formed a good bullish candle in daily TF. Technically its an inside candle with bullish sentiment. Index has closed above the daily resistance - 15930. Above 16025 index is ready to test 16600. Closing is near day high. So it is likely to trigger the buy trade tomorrow. Best trade will be on a flat opening.
Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above our buy level- 16025. we will long for the target of 16110, 16200 and 16300.
In case a 15 Min candle closes below 15910. We will short for the target of 15850 and 15800. Below 15780 fresh downside move is expected.
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.
High probability trade is in buy side.
Intraday Resistance- 16300
Intraday Support- 15800
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.