NIFTY Intraday Trade Setup For 20 Jan 2022
Buy-Above 17960
Sl-17920
T-18060
Sell-Below 17880
Sl-17920
T-17800 17730
NIFTY has shown good profit booking today. We had only sell level in yesterday's analysis. Index opened flat and crossed our sell level 18080 and hit our target 17900.
Index is still bearish and profit booking can continue after a big rally we had. So avoid buying or be lite in position if we get any buying opportunity.
Best trade in tomorrow's trading session will be in sell side, if we get a flat opening and crossing today's low. A gig gap or gap down will create volatility and end the expiry in range.
For buying we need a 5 Min candle close above 17960 to initiate buy. Target will be 100 points. Remember to trail sl after 1:1 is done.
Buy-Above 17960
Sl-17920
T-18060
Sell-Below 17880
Sl-17920
T-17800 17730
NIFTY has shown good profit booking today. We had only sell level in yesterday's analysis. Index opened flat and crossed our sell level 18080 and hit our target 17900.
Index is still bearish and profit booking can continue after a big rally we had. So avoid buying or be lite in position if we get any buying opportunity.
Best trade in tomorrow's trading session will be in sell side, if we get a flat opening and crossing today's low. A gig gap or gap down will create volatility and end the expiry in range.
For buying we need a 5 Min candle close above 17960 to initiate buy. Target will be 100 points. Remember to trail sl after 1:1 is done.
