NIFTY Intraday Trade Setup For 18 Aug 2022
NIFTY Intraday Trade Setup For 18 Aug 2022
Buy-Above 17966
Sl-17915
T-18025 18070 18120
Sell- Below 17910
Sl-17955
T-17860 17825 17765
NIFTY has closed on a positive sentiment once again with more than 100 points gain. Last day we planned to buy above 17840. It hit both our targets and gave more than 120 points profit. It has closed just below the psychological level 18000. Bullish sentiment is on, it will be weakened only when daily candle closes below PDL (Previous Day Low).
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above today's high- 17966 then we will long for the target of 18025, 18070 and 18120. Trail sl to cost when 18000 is tested as it is a psychological level and positional bulls can book profits at this juncture.
For selling we need a 15 min candle close below 17910. Post breakdown we will short for the target of 17860-65 and 17825. Below 17825 after a bounce we will head towards 17790 and below.
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 17966
Sl-17915
T-18025 18070 18120
Sell- Below 17910
Sl-17955
T-17860 17825 17765
NIFTY has closed on a positive sentiment once again with more than 100 points gain. Last day we planned to buy above 17840. It hit both our targets and gave more than 120 points profit. It has closed just below the psychological level 18000. Bullish sentiment is on, it will be weakened only when daily candle closes below PDL (Previous Day Low).
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above today's high- 17966 then we will long for the target of 18025, 18070 and 18120. Trail sl to cost when 18000 is tested as it is a psychological level and positional bulls can book profits at this juncture.
For selling we need a 15 min candle close below 17910. Post breakdown we will short for the target of 17860-65 and 17825. Below 17825 after a bounce we will head towards 17790 and below.
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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