NIFTY Intraday Trade Setup For 21 Jun 2023
Buy-Above 18840
Sl-18790
T- 18950 19058
Sell-Below 18755
Sl-18805
T- 18649 18550
NIFTY has closed on a bullish note with 0.33% gain today. We have built a long position @ 18460 for the target of a fresh ATH. We are at striking distance to our target. Yesterday it was clearly said that we may give a breakdown of the rising wedge pattern in hourly TF but we will not consider that. We will consider only when we get a bearish price structure in daily TF. Exactly same was followed. It gave a breakdown of the rising wedge pattern and reversed completely. 18840 and 18755 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18840 then we will long for the target of 18950 and 19058.
For selling we need a 15 Min candle close below 18755. T- 18649 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 18840
Sl-18790
T- 18950 19058
Sell-Below 18755
Sl-18805
T- 18649 18550
NIFTY has closed on a bullish note with 0.33% gain today. We have built a long position @ 18460 for the target of a fresh ATH. We are at striking distance to our target. Yesterday it was clearly said that we may give a breakdown of the rising wedge pattern in hourly TF but we will not consider that. We will consider only when we get a bearish price structure in daily TF. Exactly same was followed. It gave a breakdown of the rising wedge pattern and reversed completely. 18840 and 18755 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 18840 then we will long for the target of 18950 and 19058.
For selling we need a 15 Min candle close below 18755. T- 18649 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.
