NIFTY Intraday Trade Setup For 22 Dec 2022
Buy-Above 18285
Sl-18235
T-18405 18500
Sell-Below 18160
Sl-18210
T-18060 17965
NIFTY has closed on a bearish sentiment with 1% cut. Today's candle is a bearish engulfing in daily charts. But we are likely to make an inside candle tomorrow i'e we are likely to trade between today's high and low. This just a possibility if today's low is safe for the 1st 45 Min. Bearish sentiment will kick in again below today's low. Today it opened with a slight gap up. update was given to trade 10 o'clock range which broke downside below 18363 and fell nonstop till 18165.
Coming to Thursday's trade setup. if index opens flat and a 15 Min candle closes above 18285. We will long for the target of 18405 and 18500.
For selling we need a 15 Min candle close below 18160. T- 18060 and 18965.
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 18285
Sl-18235
T-18405 18500
Sell-Below 18160
Sl-18210
T-18060 17965
NIFTY has closed on a bearish sentiment with 1% cut. Today's candle is a bearish engulfing in daily charts. But we are likely to make an inside candle tomorrow i'e we are likely to trade between today's high and low. This just a possibility if today's low is safe for the 1st 45 Min. Bearish sentiment will kick in again below today's low. Today it opened with a slight gap up. update was given to trade 10 o'clock range which broke downside below 18363 and fell nonstop till 18165.
Coming to Thursday's trade setup. if index opens flat and a 15 Min candle closes above 18285. We will long for the target of 18405 and 18500.
For selling we need a 15 Min candle close below 18160. T- 18060 and 18965.
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.
Trade active:
let market settle for the first 15 Min then work on levels
