NIFTY Intraday Trade Setup For 30 Sep 2022
Buy-Above 16885
Sl-16830
T-17000 17110 17200
Sell-Below 16775
Sl-16830
T-16694 16590 16500
NIFTY has closed once again on a negative note with minor cut of 0.24%. Today it opened with a big gap up. 10 o'clock range broke downside below 16955 and gave a smooth trendy move till 16790. It was the only best trade and did not give much noise. Today's closing is near day low. Below today's low index will slide towards 16590 and below. Also tomorrow is RBI credit policy so volatility will be there. Safe traders should avoid trading tomorrow.
Coming to tomorrow's trades setup, if index opens flat and a 5 Min candle closes below 16785 then we will short for the target of 16694 and 16590, book max here and trail.
For buying we need a 15 Min candle close above 16885. Upside target will be near 17000-50. Next targets will be near 17110 and near 17200.
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 16885
Sl-16830
T-17000 17110 17200
Sell-Below 16775
Sl-16830
T-16694 16590 16500
NIFTY has closed once again on a negative note with minor cut of 0.24%. Today it opened with a big gap up. 10 o'clock range broke downside below 16955 and gave a smooth trendy move till 16790. It was the only best trade and did not give much noise. Today's closing is near day low. Below today's low index will slide towards 16590 and below. Also tomorrow is RBI credit policy so volatility will be there. Safe traders should avoid trading tomorrow.
Coming to tomorrow's trades setup, if index opens flat and a 5 Min candle closes below 16785 then we will short for the target of 16694 and 16590, book max here and trail.
For buying we need a 15 Min candle close above 16885. Upside target will be near 17000-50. Next targets will be near 17110 and near 17200.
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.
