NIFTY Intraday Trade Setup For 3 Apr 2023
Buy-Above 17385
Sl-17335
T- 17500 17600
Sell-Below 17305
Sl- 17355
T- 17193 17080
NIFTY has closed on bullish note last week. It ended with 2.45% gain. Monthly candle closed on Friday which is a neutral doji. After relentless selling of more than 3 months it has now shown sign of pause. High and low of this doji candle is very important. Below 16800 we will start the next leg of positional down move and above 17800 we will start a fresh up move in the short term. 17190 is very important point and key level for both sides. Next important resistance is 17600.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17385 then we will long for the target of 17500 and 17600.
For selling we need a 15 Min candle close below 17305. T- 17193. Below 17190 we will test 17080.
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 17385
Sl-17335
T- 17500 17600
Sell-Below 17305
Sl- 17355
T- 17193 17080
NIFTY has closed on bullish note last week. It ended with 2.45% gain. Monthly candle closed on Friday which is a neutral doji. After relentless selling of more than 3 months it has now shown sign of pause. High and low of this doji candle is very important. Below 16800 we will start the next leg of positional down move and above 17800 we will start a fresh up move in the short term. 17190 is very important point and key level for both sides. Next important resistance is 17600.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17385 then we will long for the target of 17500 and 17600.
For selling we need a 15 Min candle close below 17305. T- 17193. Below 17190 we will test 17080.
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.
