NIFTY Intraday Trade Setup For 6 Dec 2022
Buy-Above 18730
Sl-18680
T-18800 18880
Sell-Below 18629
Sl-18680
T-18530 18425
NIFTY has closed on a absolute flat note and but formed a hammer candle in daily TF. It was a V shape day. Morning we saw a sharp fall from opening levels and later a sharp recover was seen. Closing is near day high which is a sign of bullishness. Above today's high this bullish sentiment will continue. We can see good fall in coming days below today's low if a daily candle closes.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18730 then we will long for the target of 18800 and 18880. Above 18890 if it sustains in 15 Min TF then we will hit 19k+.
For selling we need a 15 Min candle close below 18629. Target will be 18530 and 18425. Follow proper trailing below today's low.
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 18730
Sl-18680
T-18800 18880
Sell-Below 18629
Sl-18680
T-18530 18425
NIFTY has closed on a absolute flat note and but formed a hammer candle in daily TF. It was a V shape day. Morning we saw a sharp fall from opening levels and later a sharp recover was seen. Closing is near day high which is a sign of bullishness. Above today's high this bullish sentiment will continue. We can see good fall in coming days below today's low if a daily candle closes.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18730 then we will long for the target of 18800 and 18880. Above 18890 if it sustains in 15 Min TF then we will hit 19k+.
For selling we need a 15 Min candle close below 18629. Target will be 18530 and 18425. Follow proper trailing below today's low.
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.
