NIFTY Intraday Trade Setup For 8 Jun 2023
Buy-Above 18740
Sl- 18690
T- 18817 18895
Sell-Below 18660
Sl-18710
T- 18593 18523
NIFTY has closed on a bullish note with 0.68% today. Last day we already anticipated that we will have a good upside movement with good momentum above 18625. It was clearly said last day that the best trade and high probability trade is in upside. It opened with a decent gap up above the buy level and then 10 o'clock range broke upside above 18676 and gave one way move till 18730. Also our positional trade was triggered above 18460 , initial we planned was a fresh ATH. Now we are at a striking distance to target. Once again we can expect good momentum above today's high - 18740. Below 18660 intraday selling will be planned tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18740 then we will long for the target of 18817 and 18895.
For selling we need a 15 Min candle close below 18640. T-18593 and 18523.
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 18740
Sl- 18690
T- 18817 18895
Sell-Below 18660
Sl-18710
T- 18593 18523
NIFTY has closed on a bullish note with 0.68% today. Last day we already anticipated that we will have a good upside movement with good momentum above 18625. It was clearly said last day that the best trade and high probability trade is in upside. It opened with a decent gap up above the buy level and then 10 o'clock range broke upside above 18676 and gave one way move till 18730. Also our positional trade was triggered above 18460 , initial we planned was a fresh ATH. Now we are at a striking distance to target. Once again we can expect good momentum above today's high - 18740. Below 18660 intraday selling will be planned tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18740 then we will long for the target of 18817 and 18895.
For selling we need a 15 Min candle close below 18640. T-18593 and 18523.
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.
