NIFTY Intraday Trade Setup For 1 Sep 2022
Buy-Above 17780
Sl-17715
T-17900 18000+
Sell-Below 17645
Sl-17700
T-17535 17470 17400
NIFTY has closed in a positive sentiment on Tuesday with more than 2.5% gain. It has closed near day high. It was a complete short covering move. Last day we planned to buy above 17380 but it opened with a decent gap up. We already planned to trade on 10 o'clock range breakout. It broke above 17482 and gave a non stop rally till 17777.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17780 then we will long for the target of 17900 and 18000+ with trailing sl.
For selling we need a 15 min candle closes below 17645 then we will short for the target of 17535. A bounce can be expected from 17535. After a bounce if 17530 is broken then we ill test 17400 levels.
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 17780
Sl-17715
T-17900 18000+
Sell-Below 17645
Sl-17700
T-17535 17470 17400
NIFTY has closed in a positive sentiment on Tuesday with more than 2.5% gain. It has closed near day high. It was a complete short covering move. Last day we planned to buy above 17380 but it opened with a decent gap up. We already planned to trade on 10 o'clock range breakout. It broke above 17482 and gave a non stop rally till 17777.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17780 then we will long for the target of 17900 and 18000+ with trailing sl.
For selling we need a 15 min candle closes below 17645 then we will short for the target of 17535. A bounce can be expected from 17535. After a bounce if 17530 is broken then we ill test 17400 levels.
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.
