NIFTY Intraday Trade Setup For 11 Oct 2022
Buy-Above 17281
Sl-17225
T-17365 17430 17530
Sell-Below 17140
Sl-17195
T-17065 16990 16920
NIFTY has closed with 0.43% cut today. Sentiment is bullish BTW as it has closed near day high and a sharp recovery was seen from opening levels. Today it opened with a huge gap down and 10 o'clock range broke upside @ 17150 and gave a move till 17280. Moves were good today. This positivity will continue above today's high and we may test the recent swing high 17428 again. Below today's low we are likely to slide lower till the recent swing low- 16750.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17281 then we will long for the target of 17365, 17430. Above 17430 we will head towards 17530.
For selling we need 5/15 Min candle closes below 17140 then we will short for the target of 17065. Below 17060 we will head towards 16990 and 16920.
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 17281
Sl-17225
T-17365 17430 17530
Sell-Below 17140
Sl-17195
T-17065 16990 16920
NIFTY has closed with 0.43% cut today. Sentiment is bullish BTW as it has closed near day high and a sharp recovery was seen from opening levels. Today it opened with a huge gap down and 10 o'clock range broke upside @ 17150 and gave a move till 17280. Moves were good today. This positivity will continue above today's high and we may test the recent swing high 17428 again. Below today's low we are likely to slide lower till the recent swing low- 16750.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17281 then we will long for the target of 17365, 17430. Above 17430 we will head towards 17530.
For selling we need 5/15 Min candle closes below 17140 then we will short for the target of 17065. Below 17060 we will head towards 16990 and 16920.
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.
