NIFTY Intraday Trade Setup For 4 Jul 2022
Buy-Above 15790
Sl-15690
T-15880 15945 16050
Sell-Below 15630
Sl-15690
T-15520 15370
NIFTY has formed a hammer candle in daily TF, indicating a bullish momentum in the coming days. This will be active above 15800. 1st target will be 16050-70 and then 16200 and 16300 on the way. Picture will be more clear once we close above 15950 in daily TF.
Coming to Monday's trade setup, if index opens flat we will buy above Friday's high- 15795 for the target of 15945 and 16050. In between 15890 is there.
For selling we need a 15 Min candle close below 15635. Post breakdown target will be near Friday's low- 15520. Below 15500 index will head towards 15370.
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.
Intraday Resistance- 16065
Intraday Support- 15500
Buy-Above 15790
Sl-15690
T-15880 15945 16050
Sell-Below 15630
Sl-15690
T-15520 15370
NIFTY has formed a hammer candle in daily TF, indicating a bullish momentum in the coming days. This will be active above 15800. 1st target will be 16050-70 and then 16200 and 16300 on the way. Picture will be more clear once we close above 15950 in daily TF.
Coming to Monday's trade setup, if index opens flat we will buy above Friday's high- 15795 for the target of 15945 and 16050. In between 15890 is there.
For selling we need a 15 Min candle close below 15635. Post breakdown target will be near Friday's low- 15520. Below 15500 index will head towards 15370.
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.
Intraday Resistance- 16065
Intraday Support- 15500
