NIFTY Intraday Trade Setup For 26 May 2023
Buy-Above 18340
Sl-18290
T- 18425 18527
Sell-Below 18200
Sl-18250
T- 18125 18050
NIFTY has closed with a slight gain with 0.2% gain today. Sell triggered as per trade setup below 18260 and gave more than 50 points gain which was 1:1. It was already said yesterday that to trail with RR. There was a sharp buying momentum from day low and it closed at day high. We can expect this bullish momentum continuation above 18340. Incase a pullback it can test 18257 and may act as support. Unlike BANKNIFTY the weekly and hourly levels are untouched.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18340 then we will long for the target of 18425 and 18527.
For selling we need a 15 min candle close below 18200. T- 18125 and 18050.
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 18340
Sl-18290
T- 18425 18527
Sell-Below 18200
Sl-18250
T- 18125 18050
NIFTY has closed with a slight gain with 0.2% gain today. Sell triggered as per trade setup below 18260 and gave more than 50 points gain which was 1:1. It was already said yesterday that to trail with RR. There was a sharp buying momentum from day low and it closed at day high. We can expect this bullish momentum continuation above 18340. Incase a pullback it can test 18257 and may act as support. Unlike BANKNIFTY the weekly and hourly levels are untouched.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18340 then we will long for the target of 18425 and 18527.
For selling we need a 15 min candle close below 18200. T- 18125 and 18050.
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.
