NIFTY Intraday Trade Setup For 19 Sep 2022
Buy-Above 17620
Sl-17565
T-17700 17800 17900
Sell-Below 17495
Sl-17545
T-17400 17300 17200
NIFTY has closed on a bearish sentiment on Friday with almost 2% cut. We already spotted this move a day before when a Dark Cloud Cover was spotted on daily charts. We planned to short below 17770 for a minimum 300 points target, target was almost hit. For rest position you can trail sl to cost to ride for any further fall. Broader range is 18100 and 16150.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17620 then we will long for the target of 17700, 17800 and 17900.
For selling we need a 5/15 Min candle close below 17495. Target will be 17400, 17300 and 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 17620
Sl-17565
T-17700 17800 17900
Sell-Below 17495
Sl-17545
T-17400 17300 17200
NIFTY has closed on a bearish sentiment on Friday with almost 2% cut. We already spotted this move a day before when a Dark Cloud Cover was spotted on daily charts. We planned to short below 17770 for a minimum 300 points target, target was almost hit. For rest position you can trail sl to cost to ride for any further fall. Broader range is 18100 and 16150.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17620 then we will long for the target of 17700, 17800 and 17900.
For selling we need a 5/15 Min candle close below 17495. Target will be 17400, 17300 and 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.
