NIFTY Intraday Trade Setup For 17 Jun 2023
Buy-Above 18760
Sl- 18710
'T- 18823 18890
Sell-Below 18665
T- 18715
T- 18609 18550
NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890.
For selling we need a 15 Min candle close below 18665. T- 18600 18540.
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 18760
Sl- 18710
'T- 18823 18890
Sell-Below 18665
T- 18715
T- 18609 18550
NIFTY has closed on a bearish note with 0.36% cut today. It was a bit more volatile than BANKNIFTY as BANKNIFTY moved in a clear cut direction whereas NIFTY moved both way. Firstly buy triggered which hit 50 points sl. Later sell triggered below 18730 and hit our 1st TGT (18730- 18670). It is still inside the rising wedge pattern unlike BANKNIFTY. The breakdown has to be spotted in hourly TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18760 then we will long for the target of 18823 and 18890.
For selling we need a 15 Min candle close below 18665. T- 18600 18540.
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.
