NIFTY Intraday Trade Setup For 31 May 2023

NIFTY Intraday Trade Setup For 31 May 2023

Buy-Above 18665
Sl-18615
T- 18741 18820

Sell-Below 18615
Sl-18665
T- 18519 18444

NIFTY has once again closed with slight bullishness with 0.19% gain today. It opened flat and buy triggered as per trade setup and hit sl. Then it turned total sideways for the rest of the day. Index has been in a complete sideways mode for the last two sessions. Scalping is the only thing we have to stick in this sideways and low VIX market. 18615 and 18665 are the important levels for tomorrow's session.

Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18665 then we will long for the target of 18741 and 18820.

For selling we need a 15 Min candle close below 18615. T- 18519 and 18444.

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.