NIFTY Intraday Trade Setup For 13 Dec 2022
Buy -Above 18525
Sl-18475
T-18630 18720
Sell-Below 18425
Sl-18475
T-18290 18170
NIFTY has closed on a flat absolute flat note with 0.00% gain. It has closed near day high which is a positive sentiment. This positivity will continue if it sustains above today's high. Strong buying momentum have been created from today's low. So today's low is a very important , breakdown can lead to decent fall. Today Sell triggered as per trade setup but as sharp buying hit sl as per setup. But I updated to exit cost to cost. Then it just consolidated. Buy level was tested but not triggered as candle did not close.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 18525 then we will long for the target of 18630. Post pullback it can test 18720.
For selling we need a 15 min candle close below
18425. Target will be 18290. PDL is mid way. Next target will be 18170.
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 18525
Sl-18475
T-18630 18720
Sell-Below 18425
Sl-18475
T-18290 18170
NIFTY has closed on a flat absolute flat note with 0.00% gain. It has closed near day high which is a positive sentiment. This positivity will continue if it sustains above today's high. Strong buying momentum have been created from today's low. So today's low is a very important , breakdown can lead to decent fall. Today Sell triggered as per trade setup but as sharp buying hit sl as per setup. But I updated to exit cost to cost. Then it just consolidated. Buy level was tested but not triggered as candle did not close.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 18525 then we will long for the target of 18630. Post pullback it can test 18720.
For selling we need a 15 min candle close below
18425. Target will be 18290. PDL is mid way. Next target will be 18170.
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.
