NIFTY Intraday Trade Setup For 19 May 2023
Buy-Above 18215
Sl-18165
T- 18310 18385
Sell-Below 18100
Sl-18150
T- 18019 17933
NIFTY has closed on a bearish sentiment with 0.28% cut. After our TSL in long was hit on 17 May @ 18260 index has been in decline phase. It was said multiple times that if our TSL is hit then index will initiate the pullback/down move. So is happening. Today it opened with a big gap up and 10 o'clock range broke below 18229 and gave more than 120 points gain. it was trending post 1:30 PM.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18215 then we will long for the target of 18310 and 18385.
For selling we need a 15 Min candle close below 18100. T- 18019 and 17933.
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 18215
Sl-18165
T- 18310 18385
Sell-Below 18100
Sl-18150
T- 18019 17933
NIFTY has closed on a bearish sentiment with 0.28% cut. After our TSL in long was hit on 17 May @ 18260 index has been in decline phase. It was said multiple times that if our TSL is hit then index will initiate the pullback/down move. So is happening. Today it opened with a big gap up and 10 o'clock range broke below 18229 and gave more than 120 points gain. it was trending post 1:30 PM.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18215 then we will long for the target of 18310 and 18385.
For selling we need a 15 Min candle close below 18100. T- 18019 and 17933.
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.
