NIFTY Intraday Trade Setup For 20 Dec 2021
Buy-Above 17100
Sl-17070
T-17185
Sell-Below 16960
Sl-17000
T-16890 16800
NIFTY is simply short on every rise. No aggressive buying. Whenever there is buying trade as per live intraday trade setup, trade with less qty. In selling go with full exposure.
Index has closed on a very bearish sentiment, below 17000. The best and easy trade will be to short below Friday's trading session low i.e 16960 for the target near 16800. That is what we have been doing sell below every swing. And if 16800 is broken then we will see free fall till 16700 and 16630.
If we see a big gap up. we will wait for any king of range and trade that. In case of a big gap down we will trade after the 5 min candle is formed that candle high and low as trigger.
Best will be after flat opening, we will just sell after the low is taken out.
Daily and Weekly Support is 16800
Daily and Weekly Resistance is 17600
We will get a directional move of 700-800 points on the breakout/breakdown of this weekly range.
Below 16800 targets will be 16628 16250 16085 for coming days.
Buy-Above 17100
Sl-17070
T-17185
Sell-Below 16960
Sl-17000
T-16890 16800
NIFTY is simply short on every rise. No aggressive buying. Whenever there is buying trade as per live intraday trade setup, trade with less qty. In selling go with full exposure.
Index has closed on a very bearish sentiment, below 17000. The best and easy trade will be to short below Friday's trading session low i.e 16960 for the target near 16800. That is what we have been doing sell below every swing. And if 16800 is broken then we will see free fall till 16700 and 16630.
If we see a big gap up. we will wait for any king of range and trade that. In case of a big gap down we will trade after the 5 min candle is formed that candle high and low as trigger.
Best will be after flat opening, we will just sell after the low is taken out.
Daily and Weekly Support is 16800
Daily and Weekly Resistance is 17600
We will get a directional move of 700-800 points on the breakout/breakdown of this weekly range.
Below 16800 targets will be 16628 16250 16085 for coming days.
