NIFTY Intraday Trade Setup For 15 Jun 2023
Buy-Above 18770
Sl-18720
T- 18830 18890
Sell-Below 18730
Sl-18780
T- 18675 18615
NIFTY has closed on a bullish note with 0.21% gain today. Buy triggered above 18730 and gave almost 40 points which was slightly less than 1:1. After long triggered above 18460, swing breakout in daily TF. It has been inching towards our target which a fresh ATH. It is moving like a turtle BTW bcs of low VIX. It has moved less than 1.75% in the last 30 days. Momentum will start to kick in only when VIX starts to rise above 14. Above 16 medium length swings and good momentum will be seen in markets again. Till then enjoy slow and choppy momentum.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18770 then we will long for the target of 18830 and 18890.
For selling we need a 15 min candle close below 18730. T- 18675 and 18615.
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 18770
Sl-18720
T- 18830 18890
Sell-Below 18730
Sl-18780
T- 18675 18615
NIFTY has closed on a bullish note with 0.21% gain today. Buy triggered above 18730 and gave almost 40 points which was slightly less than 1:1. After long triggered above 18460, swing breakout in daily TF. It has been inching towards our target which a fresh ATH. It is moving like a turtle BTW bcs of low VIX. It has moved less than 1.75% in the last 30 days. Momentum will start to kick in only when VIX starts to rise above 14. Above 16 medium length swings and good momentum will be seen in markets again. Till then enjoy slow and choppy momentum.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18770 then we will long for the target of 18830 and 18890.
For selling we need a 15 min candle close below 18730. T- 18675 and 18615.
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.
