NIFTY Intraday Trade Setup For 25 Aug 2022
Buy-Above 17626
Sl-17565
T- 17710 17783
Sell-Below 17500
Sl-17550
T-17435 17377
NIFTY has closed near day high with a almost flat gains. It traded inside yesterday's trading range. Last day we planned to sell below 17525 and 17500. 17525 was tested but we did not get a closing below 17500. Overall a range has been formed. We will simply use today's range to build our trade setup.
Coming to expiry day trade setup, if index opens flat and 5 Min candle closes above 17626 then we will long for the target of 17710-20 and 17783.
For selling we need a 15 Min candle close below 17500. Target will be 17435 and 17350-17377. Below 173450 we will get a fresh downside move.
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 17626
Sl-17565
T- 17710 17783
Sell-Below 17500
Sl-17550
T-17435 17377
NIFTY has closed near day high with a almost flat gains. It traded inside yesterday's trading range. Last day we planned to sell below 17525 and 17500. 17525 was tested but we did not get a closing below 17500. Overall a range has been formed. We will simply use today's range to build our trade setup.
Coming to expiry day trade setup, if index opens flat and 5 Min candle closes above 17626 then we will long for the target of 17710-20 and 17783.
For selling we need a 15 Min candle close below 17500. Target will be 17435 and 17350-17377. Below 173450 we will get a fresh downside move.
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.
