NIFTY Intraday Trade Setup For 21 Nov 2022
NIFTY Intraday Trade Setup For 21 Nov 2022
Buy-Above 18330
Sl-18280
T-18440 18550 18645
Sell-Below 18209
Sl-18260
T-18133 18050 17950
NIFTY closed with just a slight cut of 0.2% on Friday. The week was almost flat, ended the with just 0.23% cut. Weekly candle is a spinning top which just tells that we are in a sideways zone. Next bullish momentum will be triggered above the recent high 18450. While for selling we need a proper negative price structure in hourly and daily TF. The hourly trendline has been broken and will be confirmed below 18200. Next important support zone will be near 17950.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18310 then we will long for the target near 18440. Above 18450 we will head towards 18550 and 18645. 18390 is midway.
For selling we need a 15 Min candle close below 18209. Target will be 18133, 18050 and 17950. Index will be weak below 18250 on a 15 Min candle close.
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 18330
Sl-18280
T-18440 18550 18645
Sell-Below 18209
Sl-18260
T-18133 18050 17950
NIFTY closed with just a slight cut of 0.2% on Friday. The week was almost flat, ended the with just 0.23% cut. Weekly candle is a spinning top which just tells that we are in a sideways zone. Next bullish momentum will be triggered above the recent high 18450. While for selling we need a proper negative price structure in hourly and daily TF. The hourly trendline has been broken and will be confirmed below 18200. Next important support zone will be near 17950.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 18310 then we will long for the target near 18440. Above 18450 we will head towards 18550 and 18645. 18390 is midway.
For selling we need a 15 Min candle close below 18209. Target will be 18133, 18050 and 17950. Index will be weak below 18250 on a 15 Min candle close.
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.
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