NIFTY Intraday Trade Setup For 25 Jan 2023
Buy-Above 18135
Sl-18085
T-18200 18265-90
Sell-Below 18075
Sl-18125
T- 17997 17923
NIFTY has closed on absolute flat note. Contraction ahead of budget has been updated since last 3 weeks here. So there is absolutely no surprise by these neutral closing across timeframes. Today it opened with a slight gap up but directly at 1st target 18200. As usual that acted resistance and it crashed all the way till 18080. 10 o'clock range broke downside below 18155 and swiftly made a low of 18078.65. Almost 1:2 was achieved. Previous swing high being as usual sl which was day high. Next leg of up move will be triggered above today's high if sustained.
Comin to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18135 then we will long for the target of 18200 and 18265-90.
For selling we need a 15 Min candle close below 18075. T- 17997, post bounce if 17990 is sustained then we will hit 17900 zone.
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 18135
Sl-18085
T-18200 18265-90
Sell-Below 18075
Sl-18125
T- 17997 17923
NIFTY has closed on absolute flat note. Contraction ahead of budget has been updated since last 3 weeks here. So there is absolutely no surprise by these neutral closing across timeframes. Today it opened with a slight gap up but directly at 1st target 18200. As usual that acted resistance and it crashed all the way till 18080. 10 o'clock range broke downside below 18155 and swiftly made a low of 18078.65. Almost 1:2 was achieved. Previous swing high being as usual sl which was day high. Next leg of up move will be triggered above today's high if sustained.
Comin to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18135 then we will long for the target of 18200 and 18265-90.
For selling we need a 15 Min candle close below 18075. T- 17997, post bounce if 17990 is sustained then we will hit 17900 zone.
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.
