NIFTY Intraday Trade Setup For 30 Aug 2022
Buy-Above 17380
Sl-17330
T-17505 15595
Sell- Below 17280
Sl-17330
T- 17170 17060
NIFTY has closed closed below the daily swing low of 17345 with 1.4% cut. Below today's low we may test 16585. Closing is near day high. It opened with a big gap down and gave a sharp recovery. We planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 17329 and gave a move till 17380 which was 1:1 as per 5 Min charts.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17381 then we will long for the target of 17505 and 15595+.
For selling we need a 15 Min candle close below 17280. Short if this is triggered after 9:30 for safer side. Targets will be 17170-90 Below 17165 we will hit 17060 and below.
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 17380
Sl-17330
T-17505 15595
Sell- Below 17280
Sl-17330
T- 17170 17060
NIFTY has closed closed below the daily swing low of 17345 with 1.4% cut. Below today's low we may test 16585. Closing is near day high. It opened with a big gap down and gave a sharp recovery. We planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 17329 and gave a move till 17380 which was 1:1 as per 5 Min charts.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17381 then we will long for the target of 17505 and 15595+.
For selling we need a 15 Min candle close below 17280. Short if this is triggered after 9:30 for safer side. Targets will be 17170-90 Below 17165 we will hit 17060 and below.
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.
