NIFTY Intraday Trade Setup For 2 Dec 2022
Buy-Above 18846
Sl-18795
T- 18955 19065
Sell-Below 18775
Sl-18825
T-18865 18550
NIFTY has closed with 0.29% gain Today. This small gain is contributed by the gap up. Although it closed with positive gains but closing is near day low which is a sign of weakness. Since last 7 consecutive trading session it has been closing above PDL. There will be pause in the up move when it will close below PDL and that time we will book our swing long. Today it opened with a decent gap up and 10 o'clock range broke downside below 18829 and gave more than 50 points gain.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle close above 18846 then we will long for the target of 18955 and 19065. 19k is a psychological barrier.
For selling we need a 15 min candle close below 18775. Target will be 18665 and 18550.
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 18846
Sl-18795
T- 18955 19065
Sell-Below 18775
Sl-18825
T-18865 18550
NIFTY has closed with 0.29% gain Today. This small gain is contributed by the gap up. Although it closed with positive gains but closing is near day low which is a sign of weakness. Since last 7 consecutive trading session it has been closing above PDL. There will be pause in the up move when it will close below PDL and that time we will book our swing long. Today it opened with a decent gap up and 10 o'clock range broke downside below 18829 and gave more than 50 points gain.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle close above 18846 then we will long for the target of 18955 and 19065. 19k is a psychological barrier.
For selling we need a 15 min candle close below 18775. Target will be 18665 and 18550.
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.
