NIFTY Intraday Trade Setup For 02 Jun 2023
NIFTY Intraday Trade Setup For 02 Jun 2023
Buy-Above 18581
Sl-18530
T- 18665 18745
Sell-Below 18460
Sl-18500
T- 18383 18273
NIFTY has closed once again on bearish note with 0.25% cut today. Today buy level was tested but did not sustain in 15 Min TF, hence buy was not active. Below today's low bearish momentum will continue. Next bullish momentum will be triggered above 18670. This will give us a fresh ATH and the road to 19100. Bearish sentiment will be on till we get a bullish price structure in 15 and 1 hour TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18581 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18460.T- 18383 and 18273.
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 18581
Sl-18530
T- 18665 18745
Sell-Below 18460
Sl-18500
T- 18383 18273
NIFTY has closed once again on bearish note with 0.25% cut today. Today buy level was tested but did not sustain in 15 Min TF, hence buy was not active. Below today's low bearish momentum will continue. Next bullish momentum will be triggered above 18670. This will give us a fresh ATH and the road to 19100. Bearish sentiment will be on till we get a bullish price structure in 15 and 1 hour TF.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18581 then we will long for the target of 18660 and 18745.
For selling we need a 15 Min candle close below 18460.T- 18383 and 18273.
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.
Penafian
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