NIFTY Intraday Trade Setup For 13 Apr 2022
Buy-Above 17600
Sl-17550
T-17680 17740 17800
Sell-Below 17440
Sl-17490
T-17390 17325
NIFTY has closed 0.8% in red. It was a broader range bound session with huge volatility. Index broke our sell level 17600 and fell till our target PRZ area 17450 and revered totally from there. Our sell target was achieved. Also index has made a broader range in today's market. 17600 and 17400. Now this range breakout will give another good move either side.
Coming to tomorrow's expiry trade setup, we will buy if we get a 15 candle close above 17600. 1st target will be 17650-17680, second 17740. final target will be near 17800.Best trade will be on flat opening.
For selling , we need a 15 Min candle close below 17440. Target will be near 17325. in case we open gap down and a bullish reversal candle is formed near 17400-17428 then above that candle we will long with same candle low as sl.
In case of a gap down/up, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock. Trade on range breakout.
Important level to watch
Above 17600
Below 17400
Buy-Above 17600
Sl-17550
T-17680 17740 17800
Sell-Below 17440
Sl-17490
T-17390 17325
NIFTY has closed 0.8% in red. It was a broader range bound session with huge volatility. Index broke our sell level 17600 and fell till our target PRZ area 17450 and revered totally from there. Our sell target was achieved. Also index has made a broader range in today's market. 17600 and 17400. Now this range breakout will give another good move either side.
Coming to tomorrow's expiry trade setup, we will buy if we get a 15 candle close above 17600. 1st target will be 17650-17680, second 17740. final target will be near 17800.Best trade will be on flat opening.
For selling , we need a 15 Min candle close below 17440. Target will be near 17325. in case we open gap down and a bullish reversal candle is formed near 17400-17428 then above that candle we will long with same candle low as sl.
In case of a gap down/up, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock. Trade on range breakout.
Important level to watch
Above 17600
Below 17400
