NIFTY Intraday Trade Setup For 10 Nov 2022
NIFTY Intraday Trade Setup For 10 Nov 2022
Buy-Above 18215
Sl-18165
T- 18300 17375
Sell-Below 18115
Sl-18165
T-18035 17950
NIFTY closed on a slight negative note with 45 points cut today. It opened with a small gap up but did not sustain above our buy level, 15 Min candle did not close. Later 10 o'clock range broke downside below 18204 and gave move till 18120. This trade gave more than 80 points profit. On this way our sell level was also triggered. We are still closing above PDL. Index will be weak below PDL and there can some profit booking when rising wedge pattern in hourly TF will give a breakout.
Coming to Thursday's trade setup, if we open flat and a 15 Min candle closes above 18215 then will long for the target of 18300. Above 18300 we will hit 17375 and 18500+.
For selling we need a 15 min candle close below 18115. Target will be 18035 and 17950. Below 17940 we will fill the gap created on 31 Oct.
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 18215
Sl-18165
T- 18300 17375
Sell-Below 18115
Sl-18165
T-18035 17950
NIFTY closed on a slight negative note with 45 points cut today. It opened with a small gap up but did not sustain above our buy level, 15 Min candle did not close. Later 10 o'clock range broke downside below 18204 and gave move till 18120. This trade gave more than 80 points profit. On this way our sell level was also triggered. We are still closing above PDL. Index will be weak below PDL and there can some profit booking when rising wedge pattern in hourly TF will give a breakout.
Coming to Thursday's trade setup, if we open flat and a 15 Min candle closes above 18215 then will long for the target of 18300. Above 18300 we will hit 17375 and 18500+.
For selling we need a 15 min candle close below 18115. Target will be 18035 and 17950. Below 17940 we will fill the gap created on 31 Oct.
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.
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