NIFTY Intraday Trade Setup For 02 May 2023
Buy-Above 18090
Sl-18040
T-18155 18220
Sell-Below 17980
Sl-18030
T-17910 17847
NIFTY closed on a bullish sentiment with 0.84% and 2.5% last day and week respectively. Last week it was said that above 17685 we will start a fresh impulse. After long triggered above 17685 we have got 400 points gain. We will keep riding this with PDL (CB) as trailing sl. Bullishness likely to continue above 18100 if sustained this week. Sentimental halt possibility will be there when we will close below PDL. We are heading towards all time high in the short term.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18090 then we will long for the target of 18155 and 18220.
For selling we need a 15 Min candle close below 17980. T- 17910 and 17847.
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 18090
Sl-18040
T-18155 18220
Sell-Below 17980
Sl-18030
T-17910 17847
NIFTY closed on a bullish sentiment with 0.84% and 2.5% last day and week respectively. Last week it was said that above 17685 we will start a fresh impulse. After long triggered above 17685 we have got 400 points gain. We will keep riding this with PDL (CB) as trailing sl. Bullishness likely to continue above 18100 if sustained this week. Sentimental halt possibility will be there when we will close below PDL. We are heading towards all time high in the short term.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18090 then we will long for the target of 18155 and 18220.
For selling we need a 15 Min candle close below 17980. T- 17910 and 17847.
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.
