NIFTY Intraday Trade Setup For 12 Apr 2023
Buy-Above 17750
Sl-17700
T- 17800 17850 17925
Sell-Below 17655
Sl-17700
T- 17590 17490
NIFTY has closed on a bullish note once gain with more than 0.5% gain. Today also it safeguarded PDL. Sentimental halt will take place when we will close below PDL and below that red candle's low it initiate the pullback move. Also this is the trailing sl of the long trade (swing). Today it opened with a big gap up and 10 o'clock range broke upside and gave almost 20 points gain and then fizzled out.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17750 then we will long for the target of 17800 and 17850. Extended T- 17925.
For selling we need a 15 Min candle close below 17655. T- 17590 and 17490.
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 17750
Sl-17700
T- 17800 17850 17925
Sell-Below 17655
Sl-17700
T- 17590 17490
NIFTY has closed on a bullish note once gain with more than 0.5% gain. Today also it safeguarded PDL. Sentimental halt will take place when we will close below PDL and below that red candle's low it initiate the pullback move. Also this is the trailing sl of the long trade (swing). Today it opened with a big gap up and 10 o'clock range broke upside and gave almost 20 points gain and then fizzled out.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17750 then we will long for the target of 17800 and 17850. Extended T- 17925.
For selling we need a 15 Min candle close below 17655. T- 17590 and 17490.
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.
