NIFTY Intraday Trade Setup For 18 Jul 2023
Buy-Above 19735
Sl-19685
T- 19815 19905
Sell-Below 19645
Sl-19695
T- 19555 19460
NIFTY has closed on a bullish note once again with 0.75% gain today. Last day a trendline was plotted and was said that a pullback is need, small or big does not matter. Then buy triggered as per trade setup above 19600 and hit 1st target EOD (19600-19731+). Our swing long position from 18460 is still intact. Above 18900 we have opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs. However we are at striking distance to an important psychological level- 20000.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19735 then we will long for the target of 19815 and 19905.
For selling we need a 15 min candle close below 19645. T- 19555 and 19460.
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 19735
Sl-19685
T- 19815 19905
Sell-Below 19645
Sl-19695
T- 19555 19460
NIFTY has closed on a bullish note once again with 0.75% gain today. Last day a trendline was plotted and was said that a pullback is need, small or big does not matter. Then buy triggered as per trade setup above 19600 and hit 1st target EOD (19600-19731+). Our swing long position from 18460 is still intact. Above 18900 we have opted PDL as TSL. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs. However we are at striking distance to an important psychological level- 20000.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 19735 then we will long for the target of 19815 and 19905.
For selling we need a 15 min candle close below 19645. T- 19555 and 19460.
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.
