NIFTY Intraday Trade Setup For 7 Jul 2022
NIFTY Intraday Trade Setup For 7 Jul 2022
Buy-Above 16025
Sl-15070
T-16110 16200 16300
Sell-Below 15900
Sl-15950
T- 15850 15800
NIFTY has formed a good bullish candle in daily TF. Technically its an inside candle with bullish sentiment. Index has closed above the daily resistance - 15930. Above 16025 index is ready to test 16600. Closing is near day high. So it is likely to trigger the buy trade tomorrow. Best trade will be on a flat opening.
Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above our buy level- 16025. we will long for the target of 16110, 16200 and 16300.
In case a 15 Min candle closes below 15910. We will short for the target of 15850 and 15800. Below 15780 fresh downside move is expected.
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.
High probability trade is in buy side.
Intraday Resistance- 16300
Intraday Support- 15800
Buy-Above 16025
Sl-15070
T-16110 16200 16300
Sell-Below 15900
Sl-15950
T- 15850 15800
NIFTY has formed a good bullish candle in daily TF. Technically its an inside candle with bullish sentiment. Index has closed above the daily resistance - 15930. Above 16025 index is ready to test 16600. Closing is near day high. So it is likely to trigger the buy trade tomorrow. Best trade will be on a flat opening.
Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above our buy level- 16025. we will long for the target of 16110, 16200 and 16300.
In case a 15 Min candle closes below 15910. We will short for the target of 15850 and 15800. Below 15780 fresh downside move is expected.
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.
High probability trade is in buy side.
Intraday Resistance- 16300
Intraday Support- 15800
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