NIFTY Intraday Trade Setup For 20 Jul 2022
Buy-Above 16360
Sl-16310
T-16415 16480+
Sell-Below 16255
Sl-16300
T-16200 16150
NIFTY has closed on a positive sentiment with 0.38% gain. It opened with a gap down near our sell level. It triggered our buy level (10:10 ,5 Min candle) and with a zig zag move hit our target and gave a move from 16290-16359+.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16360. Target will be 16415 and near 16500.
For selling we need a 5 Min candle close below 16255.Target will be 16200. Below 16190 after a bounce will be 16150.
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 16360
Sl-16310
T-16415 16480+
Sell-Below 16255
Sl-16300
T-16200 16150
NIFTY has closed on a positive sentiment with 0.38% gain. It opened with a gap down near our sell level. It triggered our buy level (10:10 ,5 Min candle) and with a zig zag move hit our target and gave a move from 16290-16359+.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 16360. Target will be 16415 and near 16500.
For selling we need a 5 Min candle close below 16255.Target will be 16200. Below 16190 after a bounce will be 16150.
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.
