NIFTY Intraday Trade Setup For 1 Jun 2023
Buy-Above 18570
Sl-18520
T- 18660 18745
Sell-Below 18480
Sl-18530
T- 18369 18273
NIFTY has closed on a bearish note with 0.53% cut today. It opened with a gap down below our sell level. 1st target was achieved as per the trade setup. 10 o'clock range broke downside below 18543 and gave a good trendy move (18543-18484). Almost 1:2 was achieved in this trade. Today's low is very important. Below today's low we may start the pullback move in daily TF. In case we break 18665 in the higher side then we will hit a fresh ATH.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18570 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18480. T- 18369 and 18273.
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 18570
Sl-18520
T- 18660 18745
Sell-Below 18480
Sl-18530
T- 18369 18273
NIFTY has closed on a bearish note with 0.53% cut today. It opened with a gap down below our sell level. 1st target was achieved as per the trade setup. 10 o'clock range broke downside below 18543 and gave a good trendy move (18543-18484). Almost 1:2 was achieved in this trade. Today's low is very important. Below today's low we may start the pullback move in daily TF. In case we break 18665 in the higher side then we will hit a fresh ATH.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18570 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18480. T- 18369 and 18273.
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.
