NIFTY Intraday Trade Setup For 3 Jan 2023
NIFTY Intraday Trade Setup For 3 Jan 2023
Buy-Above 18220
Sl-18170
T- 18300 18387
Sell-Below 18120
Sl-18170
T- 18037 17955
NIFTY has closed on a bullish sentiment with more than 0.5% gain today. Today it opened almost flat and consolidated within yesterday's key levels. Nothing triggered as per trade setup. 10 o'clock range broke upside and gave more than 25 points which was more than 1:1. Bulls showed their presence in the 2nd 15 Min candle itself. They were in charge the whole day. That can be sensed even by today's closing which is near day high. Bullish sentiment likely to continue if it sustains above today's high. Important support is 18080; breakdown can lead to down move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18220 then we will long for the target of 18300 and 18387.
For selling we need a 15 Min candle close below 18120. T- 18037 and 17955.
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 18220
Sl-18170
T- 18300 18387
Sell-Below 18120
Sl-18170
T- 18037 17955
NIFTY has closed on a bullish sentiment with more than 0.5% gain today. Today it opened almost flat and consolidated within yesterday's key levels. Nothing triggered as per trade setup. 10 o'clock range broke upside and gave more than 25 points which was more than 1:1. Bulls showed their presence in the 2nd 15 Min candle itself. They were in charge the whole day. That can be sensed even by today's closing which is near day high. Bullish sentiment likely to continue if it sustains above today's high. Important support is 18080; breakdown can lead to down move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18220 then we will long for the target of 18300 and 18387.
For selling we need a 15 Min candle close below 18120. T- 18037 and 17955.
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.
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