NIFTY Intraday trade Setup For 27 Dec 2022

NIFTY Intraday trade Setup For 27 Dec 2022

Buy-Above 18085
Sl-18035
T- 18205 18325

Sell-Below 17960
Sl-18210
T-17868 17775

NIFTY has closed on bullish sentiment with more than 1% gain. It has engulfed previous red candle completely which is a bullish sentiment. This bullish sentiment is likely to continue to above today's high. Today market opened and buy triggered as per trade setup and agave a non stop trendy move. Buy triggered above 17885 and hit targets and gave a move till 18080+. Tomorrow's best trade will be on flat opening. Also today's low will be important support for bulls; breakdown can lead to further fall.

Coming to Tuesday's trades setup, if index opens flat and a 15 Min candle closes above 18085 then we will long for the target of 18205 and 18325.

For selling we need a 15 Min candle close below 17960. T- 17868 and 17775.

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.