NIFTY Intraday Trade Setup For 21 Jul 2023
Buy-Above 19995
Sl-19945
T- 20076 20161
Sell-Below 19920
Sl-19970
T- 19805 19684
NIFTY has closed on a bullish note once again with 0.74% gain. It opened flat and then buy triggered as per trade setup above 19855 and hit 1st target very smoothly. Trade gave a good momentum from 19855 till 19990+. So our 1st target in swing long (from 18460) position is hit finally. We are close to psychological level of 20k. One can book some if sell triggers as per trade setup in intraday and book full when opted TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then enjoy the open sky momentum.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19995 then we will long. T- 20076 and 20161.
For selling we need a 15 min candle close below 19920. T- 19805. Below 19800 post bounce T- 19684.
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 19995
Sl-19945
T- 20076 20161
Sell-Below 19920
Sl-19970
T- 19805 19684
NIFTY has closed on a bullish note once again with 0.74% gain. It opened flat and then buy triggered as per trade setup above 19855 and hit 1st target very smoothly. Trade gave a good momentum from 19855 till 19990+. So our 1st target in swing long (from 18460) position is hit finally. We are close to psychological level of 20k. One can book some if sell triggers as per trade setup in intraday and book full when opted TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then enjoy the open sky momentum.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 19995 then we will long. T- 20076 and 20161.
For selling we need a 15 min candle close below 19920. T- 19805. Below 19800 post bounce T- 19684.
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.
