NIFTY Intraday Trade Setup For 26 Jun 2023
NIFTY Intraday Trade Setup For 26 Jun 2023
Buy-Above 18750
Sl-18700
T- 18835 18920
Sell-Below 18645
Sl-18695
T- 18550 18450
NIFTY has closed on a bearish note with 0.85% cut last week. Our swing target which we longed from 18460 was almost achieved, only 1 point was missed from ATH. As of now the next upside possibility opens above 18900 only. Meanwhile we broke the hourly trendline support. Support will be regained if we grip 18860 again in the very next few days. Hourly range is 18640 and 18900. This range breakout will give us the next directional move. Or else we will have sideways momentum majority of the time in intraday. On this range breakout we can test 18400-50 in the downside and sky is open in the upside.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18750 then we will long for the target of 18835 and 18920.
For selling we need a 15 min candle close below 18645. T- 18550 and 18450.
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 18750
Sl-18700
T- 18835 18920
Sell-Below 18645
Sl-18695
T- 18550 18450
NIFTY has closed on a bearish note with 0.85% cut last week. Our swing target which we longed from 18460 was almost achieved, only 1 point was missed from ATH. As of now the next upside possibility opens above 18900 only. Meanwhile we broke the hourly trendline support. Support will be regained if we grip 18860 again in the very next few days. Hourly range is 18640 and 18900. This range breakout will give us the next directional move. Or else we will have sideways momentum majority of the time in intraday. On this range breakout we can test 18400-50 in the downside and sky is open in the upside.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18750 then we will long for the target of 18835 and 18920.
For selling we need a 15 min candle close below 18645. T- 18550 and 18450.
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.
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