NIFTY Intraday Trade Setup For 9 Dec 2022
Buy-Above 18625
Sl-18575
T-18720 18800 18890
Sell-Below 18525
Sl-18575
T-18415 18295 18195
NIFTY has closed with a very small gain of just 48 points which is 0.26%. An inside candle has been formed in daily TF. Above mother candle's high and low we can expect a directional move either side. It is a very rare day in the recent few months that it traded within 88 points in the whole day. Nothing triggered as per trade setup and traded inside a tight range. Breakout of this range (18625 and 18525) will give movement.
Coming to Friday's trade setup, if index opens flat and a 5/15 Min candle closes above 18625 then then we will long for the target of 18720,18880 and 18890.
For selling we need a 15 Min candle close below 18525. Target will be 18415, 18295 and 18195.
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 18625
Sl-18575
T-18720 18800 18890
Sell-Below 18525
Sl-18575
T-18415 18295 18195
NIFTY has closed with a very small gain of just 48 points which is 0.26%. An inside candle has been formed in daily TF. Above mother candle's high and low we can expect a directional move either side. It is a very rare day in the recent few months that it traded within 88 points in the whole day. Nothing triggered as per trade setup and traded inside a tight range. Breakout of this range (18625 and 18525) will give movement.
Coming to Friday's trade setup, if index opens flat and a 5/15 Min candle closes above 18625 then then we will long for the target of 18720,18880 and 18890.
For selling we need a 15 Min candle close below 18525. Target will be 18415, 18295 and 18195.
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.
