NIFTY Intraday Trade Setup For 5 May 2023
Buy_1-Above 18270
Sl-18220
T- 18365 18450
Buy-_2- 18165
Sl-18115
T- 18260 18320
NIFTY has closed on a bullish sentiment with 0.92% gain. It was a great day as it was clear cut trending and did not panic at all. Buy triggered as per trade setup today. Trade gave more than 150 points points gain and hit both targets (18117-18267+). On 23 Apr it was said that above 17685 we will start the impulsive move. After long triggered it has given non stop rally and more than 550 points gain. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18270 then we will long for the target of 18365 and 18450.
In case we open below today's high and 18165 is tested in the first half then we will long from there for the target of 18260 and 18320.
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_1-Above 18270
Sl-18220
T- 18365 18450
Buy-_2- 18165
Sl-18115
T- 18260 18320
NIFTY has closed on a bullish sentiment with 0.92% gain. It was a great day as it was clear cut trending and did not panic at all. Buy triggered as per trade setup today. Trade gave more than 150 points points gain and hit both targets (18117-18267+). On 23 Apr it was said that above 17685 we will start the impulsive move. After long triggered it has given non stop rally and more than 550 points gain. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18270 then we will long for the target of 18365 and 18450.
In case we open below today's high and 18165 is tested in the first half then we will long from there for the target of 18260 and 18320.
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.
Trade active:
Avoid trading today as it is opening with a huge gap down . All levels are invalid now.
