NIFTY Intraday Trade Setup For 21 Sep 2022
Buy-Above 17920
Sl-17870
T-18020 18100 18200
Sell-Below 17740
Sl-17795
T-17650 17550 17430
NIFTY has closed on a positive note with more than 1% gain. Index is still inside the broader range of 18100 and 17150. Breakout of this range will give us the next directional move. Last day (19 Sep 2022) our short target was hit which was triggered 16 Sep 2022. After that index has lost trend. The daily candle somehow looks weak and indicate a weakness. Below its low we can expect good downside momentum. Above 18100 a good upside move will come.
Coming to tomorrow's trade setup, if index opens flat and a 5Min candle closes below 17443 then we will short for the target of 17620, 17535 and 17430.
If a 15 Min candle closes above 17920 then we will long for the target of 18020, 18100 and 18200.
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 17920
Sl-17870
T-18020 18100 18200
Sell-Below 17740
Sl-17795
T-17650 17550 17430
NIFTY has closed on a positive note with more than 1% gain. Index is still inside the broader range of 18100 and 17150. Breakout of this range will give us the next directional move. Last day (19 Sep 2022) our short target was hit which was triggered 16 Sep 2022. After that index has lost trend. The daily candle somehow looks weak and indicate a weakness. Below its low we can expect good downside momentum. Above 18100 a good upside move will come.
Coming to tomorrow's trade setup, if index opens flat and a 5Min candle closes below 17443 then we will short for the target of 17620, 17535 and 17430.
If a 15 Min candle closes above 17920 then we will long for the target of 18020, 18100 and 18200.
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.
