NIFTY Intraday Trade Setup For 24 May 2023
Buy-Above 18420
Sl-18370
T- 18527 18615
Sell- Below 18320
Sl-17370
T- 18239 18150
NIFTY has closed with a slight gain of 0.18% today. Buy triggered as per trade setup which hit dot level target and gave around 50 points. BTW it was complete rangebound today within 40 points for almost the whole day, except the 1 hour. Index has not breached any hourly level till now. Above 18420 and 18320 is the intraday range. Breakout of this range will give us a good intraday directional move. In between it once again it will be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18420 then we will long for the target of 18527 and 18615.
For selling we need a 15 Min candle close below 18320. T- 18239 and 181450.
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 18420
Sl-18370
T- 18527 18615
Sell- Below 18320
Sl-17370
T- 18239 18150
NIFTY has closed with a slight gain of 0.18% today. Buy triggered as per trade setup which hit dot level target and gave around 50 points. BTW it was complete rangebound today within 40 points for almost the whole day, except the 1 hour. Index has not breached any hourly level till now. Above 18420 and 18320 is the intraday range. Breakout of this range will give us a good intraday directional move. In between it once again it will be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18420 then we will long for the target of 18527 and 18615.
For selling we need a 15 Min candle close below 18320. T- 18239 and 181450.
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.
