NIFTY Intraday Trade Setup For 1 Apr 2022
Buy-Above 17560
Sl-17520
T-17600 17650
Sell-Below 17430
Sl-17470
T-17340 17270
NIFTY has closed almost flat today. Closing in near day low. last day we planned to buy above 17530 if a 15 Min candle closes above that. As our buy triggered we got a reversal shooting star candle, so we had to exit below the shooting star candle low near our cost. Then shooting star showed its work and index headed towards day low.
Coming to the tomorrow's trade setup, we will sell below 17430 if a 15 Min candle close below that. Safe traders should wait till 17400 is broken and a negative price action is established. Target will be 17340 and 17270. 17340 can act as a support so book max here. And if that is broken after bounce the short for the target of 17270.Formation of a H&S can be spotted in 15 Min TF.
For buying one should wait till today's high is breached. So we need a 15 candle close above 17560 to build our long. Target will be 17600 and 17650.
In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 17560
Sl-17520
T-17600 17650
Sell-Below 17430
Sl-17470
T-17340 17270
NIFTY has closed almost flat today. Closing in near day low. last day we planned to buy above 17530 if a 15 Min candle closes above that. As our buy triggered we got a reversal shooting star candle, so we had to exit below the shooting star candle low near our cost. Then shooting star showed its work and index headed towards day low.
Coming to the tomorrow's trade setup, we will sell below 17430 if a 15 Min candle close below that. Safe traders should wait till 17400 is broken and a negative price action is established. Target will be 17340 and 17270. 17340 can act as a support so book max here. And if that is broken after bounce the short for the target of 17270.Formation of a H&S can be spotted in 15 Min TF.
For buying one should wait till today's high is breached. So we need a 15 candle close above 17560 to build our long. Target will be 17600 and 17650.
In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/breakdown.
