NIFTY Intraday Trade Setup For 13 Jun 2023
Buy-Above 18635
Sl-18585
T- 18707 18780
Sell-Below 18555
Sl-18600
T- 18485 18400
NIFTY has closed with a slight gain of 0.21% today. Buy triggered as per trade setup, above 18595 and whole day it slept at cost. It was a complete sideways and momentum less market. This is due to ultra low VIX and after a parabolic move this type of market is common as per market phases. We will simply use today's range to build our trade for the next day. 18635 and 18555 is the range, breakout will give a good directional move. But do not target big and focus on small RR gains.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18635 then we will long for the target of 18707 and 18780.
For selling we need a 15 Min candle close below 18555. T- 18485 and 18400.
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 18635
Sl-18585
T- 18707 18780
Sell-Below 18555
Sl-18600
T- 18485 18400
NIFTY has closed with a slight gain of 0.21% today. Buy triggered as per trade setup, above 18595 and whole day it slept at cost. It was a complete sideways and momentum less market. This is due to ultra low VIX and after a parabolic move this type of market is common as per market phases. We will simply use today's range to build our trade for the next day. 18635 and 18555 is the range, breakout will give a good directional move. But do not target big and focus on small RR gains.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18635 then we will long for the target of 18707 and 18780.
For selling we need a 15 Min candle close below 18555. T- 18485 and 18400.
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.
