NIFTY Intraday Trade Setup For 14 Jul 2023
Buy-Above 19485
Sl-19435
T- 19570 19657
Sell-Below 19385
Sl-19435
T- 19271 19181
NIFTY has closed almost on a flat note today. But triggered as per trade setup above 19520 and gave 1:1 target. Later usual behaviour of the week - sell the rise kicked in. Daily swing breakout above 19525 did not happen today. So now the breakout level in daily TF is above 19570. In hourly TF it is forming a rising wedge formation; breakout yet to happen any side. Moreover it was a total consolidation market this week. We can expect a trendy move in the next week only.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19485 then we will long for the target of 19570 and 19657.
For selling we need a 15 Min candle close below 19385. T- 19271 and 19181.
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 19485
Sl-19435
T- 19570 19657
Sell-Below 19385
Sl-19435
T- 19271 19181
NIFTY has closed almost on a flat note today. But triggered as per trade setup above 19520 and gave 1:1 target. Later usual behaviour of the week - sell the rise kicked in. Daily swing breakout above 19525 did not happen today. So now the breakout level in daily TF is above 19570. In hourly TF it is forming a rising wedge formation; breakout yet to happen any side. Moreover it was a total consolidation market this week. We can expect a trendy move in the next week only.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 19485 then we will long for the target of 19570 and 19657.
For selling we need a 15 Min candle close below 19385. T- 19271 and 19181.
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.
