NIFTY Intraday Trade Setup For 20 Jul 2023
Buy-Above 19855
Sl-19805
T- 19940 20026
Sell-Below 19725
Sl-19775
T- 19637 19555
NIFTY has closed on a bullish note with 0.42% gain today. Since last two days intraday momentum have dropped. Since last two days index is almost sideways. Although our swing long position is going well. We have longed from 18460 and above 18900 we opted TSL as PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. However we are very close to our psychological target of 20000. One can book some in this region and book full when trailing is hit.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19855 then we will long for the target of 19940 and 20026.
For selling we need a 15 Min candle close below 19725. T- 19637 and 19555.
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 19855
Sl-19805
T- 19940 20026
Sell-Below 19725
Sl-19775
T- 19637 19555
NIFTY has closed on a bullish note with 0.42% gain today. Since last two days intraday momentum have dropped. Since last two days index is almost sideways. Although our swing long position is going well. We have longed from 18460 and above 18900 we opted TSL as PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs. However we are very close to our psychological target of 20000. One can book some in this region and book full when trailing is hit.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19855 then we will long for the target of 19940 and 20026.
For selling we need a 15 Min candle close below 19725. T- 19637 and 19555.
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.
