NIFTY Intraday Trade Setup For 09 Jun 2023
Buy-Above 18725
Sl- 18775
T- 18810 18895
Sell-Below 18615
Sl-18665
T- 18523 18450
NIFTY has closed on a bearish note with almost 0.50% cut today. It opened flat and buy triggered above 18740 and gave small momentum in upside till 18777 then fell sharply which hit sl in long side. Later 10 o'clock range broke below 18723 and gave a one way move till 18616 which was more than 100 points gain. Bearishness may continue below today's low- 18615. Also we have to be alert for reversal if there a reversal price structure in 5/15 Min TF. Important resistance is 18725.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18725 then we will long for the target of 18810 and 18895.
For selling we need a 15 min candle close below 18615. T- 18523 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 18725
Sl- 18775
T- 18810 18895
Sell-Below 18615
Sl-18665
T- 18523 18450
NIFTY has closed on a bearish note with almost 0.50% cut today. It opened flat and buy triggered above 18740 and gave small momentum in upside till 18777 then fell sharply which hit sl in long side. Later 10 o'clock range broke below 18723 and gave a one way move till 18616 which was more than 100 points gain. Bearishness may continue below today's low- 18615. Also we have to be alert for reversal if there a reversal price structure in 5/15 Min TF. Important resistance is 18725.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18725 then we will long for the target of 18810 and 18895.
For selling we need a 15 min candle close below 18615. T- 18523 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.
