NIFTY Intraday Trade Setup For 19 Jun 2023
Buy-Above 19780
Sl-19730
T- 19905 20005
Sell-Below 19690
Sl-19740
T- 19555 19460
NIFTY has closed almost on a flat note with some positive gains of 0.19%. It opened with a decent gap up but first target was achieved as per the trade setup. Later 10 o'clock range broke downside below 19738 and gave small gain of 40+ points gain. Moreover it was a sideways market, made a spinning top candle in daily TF. Below today's low we can expect decent down move in intraday. Sustaining above 19780 can initiate the mother trend.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19780 then we will long for the target of 19705 and 20005.
For selling we need a 15 Min candle close below 19690. T- 19555 and 19460.
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 19780
Sl-19730
T- 19905 20005
Sell-Below 19690
Sl-19740
T- 19555 19460
NIFTY has closed almost on a flat note with some positive gains of 0.19%. It opened with a decent gap up but first target was achieved as per the trade setup. Later 10 o'clock range broke downside below 19738 and gave small gain of 40+ points gain. Moreover it was a sideways market, made a spinning top candle in daily TF. Below today's low we can expect decent down move in intraday. Sustaining above 19780 can initiate the mother trend.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 19780 then we will long for the target of 19705 and 20005.
For selling we need a 15 Min candle close below 19690. T- 19555 and 19460.
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.
