NIFTY Intraday Trade Setup For 14 Oct 2022
Buy-Above 17081
Sl-17030
T-17143 17213 17280
Sell-Below 16950
Sl-17000
T-16880 16812 16750
NIFTY has closed on a negative note with 0.64% cut. It is still inside the inside candle range. High of the mother candle is 17265 and low is 16950. Breakout of this range can give give a move either side. Last day we planned to short below 17035 and our 1st target was hit smoothly and a perfect bounce came from the same level. Closing is at mid point of the intraday range. Keep an eye on the trendlines.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17081 then we will long for the target of 17143, 17213 and 17280.
For selling we need a 15 Min candle close below 16950. Post breakdown target will be 16880, 16812 and 16750. Index will be weak below 16990.
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 17081
Sl-17030
T-17143 17213 17280
Sell-Below 16950
Sl-17000
T-16880 16812 16750
NIFTY has closed on a negative note with 0.64% cut. It is still inside the inside candle range. High of the mother candle is 17265 and low is 16950. Breakout of this range can give give a move either side. Last day we planned to short below 17035 and our 1st target was hit smoothly and a perfect bounce came from the same level. Closing is at mid point of the intraday range. Keep an eye on the trendlines.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17081 then we will long for the target of 17143, 17213 and 17280.
For selling we need a 15 Min candle close below 16950. Post breakdown target will be 16880, 16812 and 16750. Index will be weak below 16990.
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.
