NIFTY Intraday Trade Setup For 10 Apr 2023
Buy- Above 17640
Sl-17590
T- 17735 17830
Sell- Below 17550
Sl-17600
T- 17465 17378
NIFTY has closed on bullish note with 0.24% and 1.38% last day and week respectively. Last week it formed morning star in week TF an its sentiment was on throughout the small week we had. All dips were bought into. Next hurdle lies near trendline resistance in daily TF. We will take trendline as resistance into consideration only when a candle closes above it and the next follow up candle is a red candle and further a proper M structure. Also bullish sentiment will be intact till we close above PDL (CB). In the coming week we may show some halt or a small pullback to fuel the further up move.
Coming to Monday's trade setup, if index opens flat and a Min candle closes above 17640 then we will long for the target of 17735 and 17830.
For selling we need a 15 Min candle close below 17550. T-17465 and 17378.
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 17640
Sl-17590
T- 17735 17830
Sell- Below 17550
Sl-17600
T- 17465 17378
NIFTY has closed on bullish note with 0.24% and 1.38% last day and week respectively. Last week it formed morning star in week TF an its sentiment was on throughout the small week we had. All dips were bought into. Next hurdle lies near trendline resistance in daily TF. We will take trendline as resistance into consideration only when a candle closes above it and the next follow up candle is a red candle and further a proper M structure. Also bullish sentiment will be intact till we close above PDL (CB). In the coming week we may show some halt or a small pullback to fuel the further up move.
Coming to Monday's trade setup, if index opens flat and a Min candle closes above 17640 then we will long for the target of 17735 and 17830.
For selling we need a 15 Min candle close below 17550. T-17465 and 17378.
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.
