NIFTY Intraday Trade Setup For 15 Jun 2022

NIFTY Intraday Trade Setup For 15 Jun 2022

Buy-Above 15900
Sl-15840
T-16000 16100

Sell-Below 15650
Sl-15700
T-15575 15490

NIFTY has formed an inverted hammer in daily TF. It tested and bounced from the weekly support level- 15670. It was a volatile day both sides moves were seen. Important support is today's low- 16559. If a 15 min candle closes below this then a sharp fall will be seen.

Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes below 15650, we will short for the target of 15575 and 15500.

We need a 15 Min candle closes above 15900 to initiate a long trade. Targets will be 16000 and 16100.

In between weather you should avoid any directional trade.

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 Support- 16550
Intraday Resistance- 15900

Hourly Support- 15350
Hourly Resistance- 16200