NIFTY Intraday Trade Setup For 14 Dec 2022
NIFTY Intraday Trade Setup For 14 Dec 2022
Buy-Above 18620
Sl-18580
T-18710 18800
Sell-Below 18560
Sl-18600
T-18490 18420
NIFTY has closed on a positive note with with 0.6% gain. Just like yesterday it has closed near day today. Last day we discussed that the positive will continue above previous day's high. So has happened. Buy triggered as per trade setup and almost hit our 1st target. This trade gave a move from 18525 to 18617. Almost 1:2 was achieved. Once again bullish momentum will continue above today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18620 then we will long for the target of 18710 and 18800.
For selling we need a 15 Min candle close below 18560. Target will be 18490. Below 18490 we may slip and hit 18358 and 18290.
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 18620
Sl-18580
T-18710 18800
Sell-Below 18560
Sl-18600
T-18490 18420
NIFTY has closed on a positive note with with 0.6% gain. Just like yesterday it has closed near day today. Last day we discussed that the positive will continue above previous day's high. So has happened. Buy triggered as per trade setup and almost hit our 1st target. This trade gave a move from 18525 to 18617. Almost 1:2 was achieved. Once again bullish momentum will continue above today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18620 then we will long for the target of 18710 and 18800.
For selling we need a 15 Min candle close below 18560. Target will be 18490. Below 18490 we may slip and hit 18358 and 18290.
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.
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