NIFTY Intraday Trade Setup For 16 Sep 2022
Buy-Above 17965
Sl-17910
T-18070 18150 187217
Sell-Below 17860
Sl-17910
T- 17780 17700
NIFTY has closed on a negative note and closed with 0.7% cut. It has made a dark closed cover at top which is a trend reversal sign. This will be active below 17770. Above 18100 we will head higher. Current hourly range is 18100 and 17770. Breakout of this range will give us directional move of 300 points. According to yesterday's trade setup nothing got triggered. But 10 o'clock range broke downside below 17953 and gave a move till 17865.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17965 then we will long for the target of 18070-90. Above 18100 a fresh upside move will come.
For selling we need 5 Min candle close below 17860. Post breakdown our target will be 17780. Below 17770 we will hit 17700 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 17965
Sl-17910
T-18070 18150 187217
Sell-Below 17860
Sl-17910
T- 17780 17700
NIFTY has closed on a negative note and closed with 0.7% cut. It has made a dark closed cover at top which is a trend reversal sign. This will be active below 17770. Above 18100 we will head higher. Current hourly range is 18100 and 17770. Breakout of this range will give us directional move of 300 points. According to yesterday's trade setup nothing got triggered. But 10 o'clock range broke downside below 17953 and gave a move till 17865.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17965 then we will long for the target of 18070-90. Above 18100 a fresh upside move will come.
For selling we need 5 Min candle close below 17860. Post breakdown our target will be 17780. Below 17770 we will hit 17700 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.
