NIFTY Intraday Trade Setup For 10 Jan 2023
Buy-Above 18145
Sl-18095
T-18265 18385
Sell-Below 17995
Sl-18045
T- 17870 17770
NIFTY has closed on a bullish sentiment with 1.35% gain today. Today it opened gap up. It hit all buy targets as per trade setup but did not come till entry level due to strong gap up momentum. 10 o'clock range broke upside and gave almost 70 points. Update was shared that it is going to test the Half bat from lover levels itself and that di happen. Bullish sentiment likely to continue above today's high - 17145. Breakdown of 17995 can initiate a leg in the downside.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18145 then we will long for the target of 18265 and 17385.
For selling we need a 15 Min candle close below 17995. T- 17870 and 17770.
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.