NIFTY Intraday Trade Setup For 28 Sep 2022
Buy-Above 17120
Sl-17065
T-17195 17321 17431
Sell-Below 16740
Sl-16795
T-16869 16790 16590
NIFTY has closed on a flat note with less than 10 points cut. Today our 2nd target(16912) in sell side was almost hit (triggered @ 17400 on 23 Sep). Index has created a range in the last 2 sessions. Range is 17200 and 16940. Breakout of this range will give us the next intraday trade. Today market opened with a decent gap up and 10 o'clock range broke downside below 17030 and gave a move till 16943.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17195 Above 17200 we will hit 17321 and 17431.
For selling we need a 5 Min candle close below 16940. Target will be 16869, 16790. Below that we will head towards 16591.
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 17120
Sl-17065
T-17195 17321 17431
Sell-Below 16740
Sl-16795
T-16869 16790 16590
NIFTY has closed on a flat note with less than 10 points cut. Today our 2nd target(16912) in sell side was almost hit (triggered @ 17400 on 23 Sep). Index has created a range in the last 2 sessions. Range is 17200 and 16940. Breakout of this range will give us the next intraday trade. Today market opened with a decent gap up and 10 o'clock range broke downside below 17030 and gave a move till 16943.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17195 Above 17200 we will hit 17321 and 17431.
For selling we need a 5 Min candle close below 16940. Target will be 16869, 16790. Below that we will head towards 16591.
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.
