NIFTY Intraday Trade Setup For 17 Jan 2022
Buy-Above 18290
Sl-18250
T-18340 17400
Sell-Below 18150
Sl-18150
T-18045 18000
NIFTY has closed once again in the range. Since last 3 trading session NIFTY has been trading in a range of 17300 and 17100. This range breakout will give a directional move.
For Friday's trading session we discussed that we will short below 18150. We also discussed that we need a 15 Min candle close below 18150 to initiate a short trade. Index crossed 18150 but did not close below that.
The best trade in Monday's trade will be as we get a 5 Min candle close above 18290 we will buy for the target of 18400.
In case of a big gap up or gap down we will wait till 10 o' clock then trade that range.
For selling the safest trade will be if we get closing below 18150 in 15 Min TF. But one aggressive trade can be done below 18200 if we get closing in 5 Min TF. In That case we will Trail sl to cost at 18150-60 and see if index has the momentum to break 18150 or not to carry our position.
Range for this week is 18400 in the upper side and 18000 in lower side.
Buy-Above 18290
Sl-18250
T-18340 17400
Sell-Below 18150
Sl-18150
T-18045 18000
NIFTY has closed once again in the range. Since last 3 trading session NIFTY has been trading in a range of 17300 and 17100. This range breakout will give a directional move.
For Friday's trading session we discussed that we will short below 18150. We also discussed that we need a 15 Min candle close below 18150 to initiate a short trade. Index crossed 18150 but did not close below that.
The best trade in Monday's trade will be as we get a 5 Min candle close above 18290 we will buy for the target of 18400.
In case of a big gap up or gap down we will wait till 10 o' clock then trade that range.
For selling the safest trade will be if we get closing below 18150 in 15 Min TF. But one aggressive trade can be done below 18200 if we get closing in 5 Min TF. In That case we will Trail sl to cost at 18150-60 and see if index has the momentum to break 18150 or not to carry our position.
Range for this week is 18400 in the upper side and 18000 in lower side.
