NIFTY Intraday Trade Setup For 24 May 2022
Buy-Above 16415
Sl-16360
T- 16500 16600 16700
Sell-Below 16200
Sl-16260
T-16100 16000
NIFTY has formed a shooting star candle in daily TF, closed almost flat. Last day we planned to buy above 16280. As soon a 5 Min candle candle closed above our buy level it gave a move till our target 16400+. Then a sharp fall from 6400 was seen. It was a smooth day.
Coming to tomorrow's trade setup, we will long above 16415. Aggressive trade can be done if a 15 min candle closes above 16400. This time it will be a short covering move and index will head towards 16500, 16600 and 16700.
For selling if a 15 Min candle closes below 16200 then short for the target of 16100 and 16000. One can short from 16350 also.
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.
Intraday Support- 16000
Intraday Resistance- 16400
Hourly Support- 15750
Hourly Resistance- 16400
Buy-Above 16415
Sl-16360
T- 16500 16600 16700
Sell-Below 16200
Sl-16260
T-16100 16000
NIFTY has formed a shooting star candle in daily TF, closed almost flat. Last day we planned to buy above 16280. As soon a 5 Min candle candle closed above our buy level it gave a move till our target 16400+. Then a sharp fall from 6400 was seen. It was a smooth day.
Coming to tomorrow's trade setup, we will long above 16415. Aggressive trade can be done if a 15 min candle closes above 16400. This time it will be a short covering move and index will head towards 16500, 16600 and 16700.
For selling if a 15 Min candle closes below 16200 then short for the target of 16100 and 16000. One can short from 16350 also.
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.
Intraday Support- 16000
Intraday Resistance- 16400
Hourly Support- 15750
Hourly Resistance- 16400
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.