NIFTY Intraday Trade Setup For 24 Jan 2023
Buy-Above 18140
Sl-18090
T- 18205 18265-90
Sell-Below 18075
Sl-18125
T-17997 17922
NIFTY has has closed on a bullish sentiment with 0.5% gain today. BTW this gain is entirely contributed by gap up. And due to this case it has made absolute doji in daily TF. These days dojis are common be it in weekly TF where consecutive doji candles have been formed and now in daily TF. These are due to the Union Budget. Complete indecisiveness and contraction ahead of Budget. Today it opened with gap up and traded within 10 o'clock range entire day.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18137 then we will long for the 18205 AND 18265-90. Extended T- 18355.
For selling we need a 15 Min candle close below 18075. T- 17997 and 17923.
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 18140
Sl-18090
T- 18205 18265-90
Sell-Below 18075
Sl-18125
T-17997 17922
NIFTY has has closed on a bullish sentiment with 0.5% gain today. BTW this gain is entirely contributed by gap up. And due to this case it has made absolute doji in daily TF. These days dojis are common be it in weekly TF where consecutive doji candles have been formed and now in daily TF. These are due to the Union Budget. Complete indecisiveness and contraction ahead of Budget. Today it opened with gap up and traded within 10 o'clock range entire day.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18137 then we will long for the 18205 AND 18265-90. Extended T- 18355.
For selling we need a 15 Min candle close below 18075. T- 17997 and 17923.
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.
