NIFTY Intraday Trade Setup For 26 Aug 2022
Buy-Above 17727
Sl-17680
T-17785 17855
Sell-Below 17485
Sl-17535
T-17415 17350
Sell- From 17630
Sl-17680
T-17550 17490
NIFTY has closed on a negative sentiment and closed with almost 0.5% cut. It opened with a decent gap up near our buy target which was a resistance zone. Fell from from the resistance. Next swing move will be above 18000 and below 17340.
Coming to Friday's trade setup, if index opens flat and 5 Min candle closes below 17485 then we will short for the target of 17415, below 17400 we test the daily swing low- 17350.
For buying we need to wait till we crosses today's high - 17727. Above which we hit 17785, 17855 and 17920.
A short trade can be opened from 17635 with 50 points sl for the target of 17550 and 17500.
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 17727
Sl-17680
T-17785 17855
Sell-Below 17485
Sl-17535
T-17415 17350
Sell- From 17630
Sl-17680
T-17550 17490
NIFTY has closed on a negative sentiment and closed with almost 0.5% cut. It opened with a decent gap up near our buy target which was a resistance zone. Fell from from the resistance. Next swing move will be above 18000 and below 17340.
Coming to Friday's trade setup, if index opens flat and 5 Min candle closes below 17485 then we will short for the target of 17415, below 17400 we test the daily swing low- 17350.
For buying we need to wait till we crosses today's high - 17727. Above which we hit 17785, 17855 and 17920.
A short trade can be opened from 17635 with 50 points sl for the target of 17550 and 17500.
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.