NIFTY Intraday Trade Setup For 18 Dec 2023
Bullish-Above 21500
Invalid-Below 21450
T- 21650 21825
Bearish-Below 21320
Invalid-Above 21370
T- 21169 21028
NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825.
For selling we need a 15 Min candle close below 21320. T- 21169 and 21028.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 21500
Invalid-Below 21450
T- 21650 21825
Bearish-Below 21320
Invalid-Above 21370
T- 21169 21028
NIFTY has closed on a bold bullish note with 2.32% gain last week. Index seems non-stop at least till 22000 mark. Outlook will be simply buy on dips till 22k. No point in in looking for sell positionally. Best trade style in a bull run is either long from a lower level and just trail as we did from 19880 or in intraday wait for a dip in 5/15 Min TF and look for reversal structure in 5 Min TF and simply long and we will keep this is mind till index is bullish.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 21500 then we will long for the target of 21650 and 21825.
For selling we need a 15 Min candle close below 21320. T- 21169 and 21028.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
