NIFTY Intraday Trade Setup For 21 Apr 2022
Buy-Above 17200
Sl-17150
T-17270 17350 17400
Sell-Below 17050
Sl-17100
T-16960 16900 16850
NIFTY has made an inside candle in daily TF. High and low of the mother candle will be the trigger for directional move either side. Above 17300 and below 16800 is the inside candle range.
Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 17190.Above that candle high we will long for the target of 17270. Confluence level is 17300. A breakout of this level can give a short covering move. trendline is placed in pink, this will act as resistance.
For selling if a 15 Min candle closes below 17060 then below that candle low, short for the target of 16950, 16900 and 16850. Below 16800 panic selling will be triggered.
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 17200
Sl-17150
T-17270 17350 17400
Sell-Below 17050
Sl-17100
T-16960 16900 16850
NIFTY has made an inside candle in daily TF. High and low of the mother candle will be the trigger for directional move either side. Above 17300 and below 16800 is the inside candle range.
Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 17190.Above that candle high we will long for the target of 17270. Confluence level is 17300. A breakout of this level can give a short covering move. trendline is placed in pink, this will act as resistance.
For selling if a 15 Min candle closes below 17060 then below that candle low, short for the target of 16950, 16900 and 16850. Below 16800 panic selling will be triggered.
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.
