NIFTY Intraday Trade Setup For 5 Jul 2022

NIFTY Intraday Trade Setup For 5 Jul 2022

Buy-Above 15855
Sl-15800
T-15950 16050

Sell-Below 15730
Sl-15890
T-15650 15550

NIFTY has given a bullish momentum above hammer candle's high which was formed on Friday. We planned to but above 15790. As soon as a candle closed above , it gave a nice momentum till 15850. This is likely to continue.

Coming to tomorrow's trade setup, if index opens flat and a 1/5 Min candle closes above 15855. We will long for the target of 15950 and 16050.

For selling we need a 15 Min candle close below 15735. Below that target will be 15650 and 15550.

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.

Safe traders should consider buying after a pullback.

Intraday Support- 15635
Intraday Resistance- 16065

Chart PatternsHarmonic PatternsNIFTYnifty50niftyanalysisniftyforecastniftyintradaylevelsniftyintradaytradesetupniftylevelsniftypredictionniftytradesetupTrend Analysis

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