NIFTY Intraday Trade Setup For 10 May 2023
Buy-Above 18285
Sl-18235
T- 18350 18435
Sell-Below 18225
Sl-18275
T- 18135 18040
NIFTY has closed on a flat note today. It opened almost flat and buy triggered above 18290 and gave more than 50 points gain which was 1:1. Later a profit booking was seen from day high. This sentiment may continue below today's low- 18229 if sustained. It has given an impulsive move recently so there a possibility of sideways momentum till expiry. Today's high and low are important for a good move on breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18285 then we will long for the target of 18350 and 18435.
For selling we need a 15 Min candle close below 18225. T- 18135 and 18040.
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 18285
Sl-18235
T- 18350 18435
Sell-Below 18225
Sl-18275
T- 18135 18040
NIFTY has closed on a flat note today. It opened almost flat and buy triggered above 18290 and gave more than 50 points gain which was 1:1. Later a profit booking was seen from day high. This sentiment may continue below today's low- 18229 if sustained. It has given an impulsive move recently so there a possibility of sideways momentum till expiry. Today's high and low are important for a good move on breakout.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18285 then we will long for the target of 18350 and 18435.
For selling we need a 15 Min candle close below 18225. T- 18135 and 18040.
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.