NIFTY Intraday Trade Setup For 12 Apr 2022
Buy-Above 17780
Sl-17730
T-17850 17900 17960
Sell-Below 17600
Sl-17650
T-17540 17450 17400
NIFTY has closed about 100 points in red. It has made an inside candle in daily TF. It opened with a mild gap down and just consolidated the whole day. We planned to sell below 17700. Index gave a 50 points move down side below that level. Then it was just consolidation, traded inside last trading session's range.
Coming to tomorrow's trade setup, we will use today's trading range as our levels to build our trade setup either side. Closing is in negative sentiment. So, below 17600 we will plan to sell. Targets will be 17535 17450 and 17400. Final target as per ABCD pattern is 17330.
Aggressive traders can sell below 17650. 1st target will be near 17600. And if 17600 is not sustained then ride till the targets discussed above.
For buying one should wait till 17850 is crossed and sustained. Targets will be opened for 17960 and 18040. Aggressive traders can buy above 17780 if a 15 Min candle closes above this. 1st target will be near 17850 then 17900 and 17960.
In case of a gap up/down, mark the high and low of the trading range till 10 o'clock. Trade on this 10 o'clock range breakout.
Buy-Above 17780
Sl-17730
T-17850 17900 17960
Sell-Below 17600
Sl-17650
T-17540 17450 17400
NIFTY has closed about 100 points in red. It has made an inside candle in daily TF. It opened with a mild gap down and just consolidated the whole day. We planned to sell below 17700. Index gave a 50 points move down side below that level. Then it was just consolidation, traded inside last trading session's range.
Coming to tomorrow's trade setup, we will use today's trading range as our levels to build our trade setup either side. Closing is in negative sentiment. So, below 17600 we will plan to sell. Targets will be 17535 17450 and 17400. Final target as per ABCD pattern is 17330.
Aggressive traders can sell below 17650. 1st target will be near 17600. And if 17600 is not sustained then ride till the targets discussed above.
For buying one should wait till 17850 is crossed and sustained. Targets will be opened for 17960 and 18040. Aggressive traders can buy above 17780 if a 15 Min candle closes above this. 1st target will be near 17850 then 17900 and 17960.
In case of a gap up/down, mark the high and low of the trading range till 10 o'clock. Trade on this 10 o'clock range breakout.
