NIFTY Intraday Trade Setup For 19 Oct 2022
Buy-Above 17530
Sl-17480
T-17630 17720 17808
Sell-Below 17430
Sl-17480
T-17350 17290 17230
NIFTY has closed on a positive gain with 1% gain. Daily range - 17430 and 17430 has been broken in the higher side. Now trail sl to cost and ride the move. This move can be extended till 18100 and above 18100 we can hit a fresh ATH. Today we got a good move above 17430 till our 2nd target near 17530. This bullish sentiment will continue above today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17530 then we will long for the target for 17630, 17720 and 17808. Trail with RR ratio.
For selling we need a 15 Min candle close below 17430. Target will be 17350, 17290 and 17230.Index will be weak if a 15 Min candle closes below 17440.
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 17530
Sl-17480
T-17630 17720 17808
Sell-Below 17430
Sl-17480
T-17350 17290 17230
NIFTY has closed on a positive gain with 1% gain. Daily range - 17430 and 17430 has been broken in the higher side. Now trail sl to cost and ride the move. This move can be extended till 18100 and above 18100 we can hit a fresh ATH. Today we got a good move above 17430 till our 2nd target near 17530. This bullish sentiment will continue above today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17530 then we will long for the target for 17630, 17720 and 17808. Trail with RR ratio.
For selling we need a 15 Min candle close below 17430. Target will be 17350, 17290 and 17230.Index will be weak if a 15 Min candle closes below 17440.
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.
