NIFTY Intraday Trade Setup For 18 Jan 2023
Buy-Above 18075
Sl-18025
T-18170 18265
Sell-Below 17925
Sl-17975
T- 17850 17760
NIFTY has closed on a bullish sentiment with 0.89% gain today. It has closed near day high which is a bullish sentiment. This bullish sentiment will continue above today's high- 18075. As of now index has maintained bullish price structure in 15 Min TF. Index will turn slight bearish only when it invalidates bullish price structure in 15 MIN TF. Today market opened almost flat and buy triggered as per trade setup @ 17945 and hit 1st target. Trade gave more than 120 points profit; 1:2.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18075 then we will long for the target of 18170 and 18265.
For selling we need a 15 Min candle close below 17925. T- 17850 and 17760.
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 18075
Sl-18025
T-18170 18265
Sell-Below 17925
Sl-17975
T- 17850 17760
NIFTY has closed on a bullish sentiment with 0.89% gain today. It has closed near day high which is a bullish sentiment. This bullish sentiment will continue above today's high- 18075. As of now index has maintained bullish price structure in 15 Min TF. Index will turn slight bearish only when it invalidates bullish price structure in 15 MIN TF. Today market opened almost flat and buy triggered as per trade setup @ 17945 and hit 1st target. Trade gave more than 120 points profit; 1:2.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18075 then we will long for the target of 18170 and 18265.
For selling we need a 15 Min candle close below 17925. T- 17850 and 17760.
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.
1st target hit very smoothly