NIFTY Intraday Trade Setup For 19 Aug 2022
NIFTY Intraday Trade Setup For 19 Aug 2022
Buy-Above 17970
Sl-17920
T-18055 18150 18220
Sell-Below 17910
Sl-17960
T-17855 17800 17765
NIFTY has closed almost flat today. Sentiment is still positive although it closed flat. Sentiment is positive as it opened slight gap down but closed at day high. Also our trailing sl for long is PDL (closing basis) is intact. Last day we planned to sell below 17910. It hit our 1st target and gave more than 55 points profit. Our 1st target was logical and it acted as support and bounced till day high.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17970 then we will long for the target of 18055, 18150 and our last target will be 18220 if trailing sl helps to ride.
For selling we need 15 Min candle close below 17910. Post breakdown we will short for the target of 17855. Below 17850 we will test 17800 and finally 17765.
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 17970
Sl-17920
T-18055 18150 18220
Sell-Below 17910
Sl-17960
T-17855 17800 17765
NIFTY has closed almost flat today. Sentiment is still positive although it closed flat. Sentiment is positive as it opened slight gap down but closed at day high. Also our trailing sl for long is PDL (closing basis) is intact. Last day we planned to sell below 17910. It hit our 1st target and gave more than 55 points profit. Our 1st target was logical and it acted as support and bounced till day high.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17970 then we will long for the target of 18055, 18150 and our last target will be 18220 if trailing sl helps to ride.
For selling we need 15 Min candle close below 17910. Post breakdown we will short for the target of 17855. Below 17850 we will test 17800 and finally 17765.
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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