NIFTY Intraday Trade Setup 23 Nov 2022
Buy-Above 18265
Sl- 18215
T- 18330 18390 18440
Sell-Below 18195
Sl-18245
T- 18133 18050 17950
NIFTY has closed on a positive note with 0.46% gain today. Buy triggered as per trade setup @ 18175 when a 15 Min candle closed above the level. It hit our 1st target slowly and steady without hitting any TSL in 5 Min TF. Buy trade gave more than 80 points profit. Sentiment is mild positive as it closed at day high. This positivity will continue above today's high. Previous day low 18130 is important for downside. Above 18450 we will head higher firmly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle close above 18265 then we will long for the target of 18332, 18390 and 18440.
For selling we need a 15 Min candle close below 18195. Target will be 18135. Below 18130 we will hit 18050 and 17960.
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 18265
Sl- 18215
T- 18330 18390 18440
Sell-Below 18195
Sl-18245
T- 18133 18050 17950
NIFTY has closed on a positive note with 0.46% gain today. Buy triggered as per trade setup @ 18175 when a 15 Min candle closed above the level. It hit our 1st target slowly and steady without hitting any TSL in 5 Min TF. Buy trade gave more than 80 points profit. Sentiment is mild positive as it closed at day high. This positivity will continue above today's high. Previous day low 18130 is important for downside. Above 18450 we will head higher firmly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle close above 18265 then we will long for the target of 18332, 18390 and 18440.
For selling we need a 15 Min candle close below 18195. Target will be 18135. Below 18130 we will hit 18050 and 17960.
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.
