NIFTY Intraday Trade Setup For 18 Nov 2022

NIFTY Intraday Trade Setup For 18 Nov 2022

Buy-Above 18445
Sl-18395
T-18505 18570 18645

Sell-Below 18310
Sl-18360
T-18238 18133 18050

NIFTY has closed on a slight negative note with 0.36% cut today. It was inside previous day's range till 3 PM. In the last 30 min the range was broken. For 2 days NIFTY traded within 100 points range. Lower range has been tested and will be matured below today's low- 18310. Next bullish move above 18845, will test ATH above that. Also there is very less momentum in intraday due to low VIX.

Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 18445 then we will long for the target of 18505, 18570 and 18645.

For selling we need a 15 Min candle close below 18310. Target will be 18238, 18133 and 18050.

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.
Chart PatternsHarmonic PatternsNIFTYnifty50niftyanalysisniftyforecastniftyintradaylevelsniftyintradaytradesetupniftylevelsniftypredictionniftytradesetupTrend Analysis

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