NIFTY Intraday Trade Setup For 19 Jan 2023
Buy-Above 18185
Sl-18135
T-18265 18375
Sell-Below 18135
Sl-18185
T-18025 17925
NIFTY has closed on a positive note with 0.62% gain today. It has closed near day high which is a bullish sentiment just like it had last day. This bullishness will continue above today's high- 18185. Today it opened flat and a buy triggered as per trade setup. This trade hit 1st target very smoothly and gave more than 100 points which was 1:2. After 12o'clock index just traded inside 50 points range for the rest whole day. We will simply plan next trades on this range breakout and be strict in trailing tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 18185 then we will long for the target of 18265 and 18375.
For selling we need a 15 Min candle close below 18135. T- 18025. Post bounce we break 18020 then we will hit 17925.
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 18185
Sl-18135
T-18265 18375
Sell-Below 18135
Sl-18185
T-18025 17925
NIFTY has closed on a positive note with 0.62% gain today. It has closed near day high which is a bullish sentiment just like it had last day. This bullishness will continue above today's high- 18185. Today it opened flat and a buy triggered as per trade setup. This trade hit 1st target very smoothly and gave more than 100 points which was 1:2. After 12o'clock index just traded inside 50 points range for the rest whole day. We will simply plan next trades on this range breakout and be strict in trailing tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 18185 then we will long for the target of 18265 and 18375.
For selling we need a 15 Min candle close below 18135. T- 18025. Post bounce we break 18020 then we will hit 17925.
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.
