NIFTY Intraday Trade Setup 17 Nov 2022
NIFTY Intraday Trade Setup 17 Nov 2022
Buy-Above 18445
Sl-18395
T- 18505 18570 18645
Sell-Below 18344
Sl-18395
T-18280 18210 18135
NIFTY has closed on a absolute flat note with just 6 points gain. It was total consolidation between 18345 and 18440. This intraday range is less than 100 points. This is due to volume and VIX drop. Its been the case since last week itself. Today buy triggered but could not sustain a single 15 Min candle. We will simply use today's high and low to build our trade for the next day. Above today's high we are likely to hit ATH only hurdle in between is 18500. Below today's low we are likely to test 18135 only hurdle in between is 18280.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18445 then we will long for the target of 18505, 18570 and 18645.
For selling we need a 15 Min candle close below 18344. Target will be 18280, 18210 and 18135.
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 18445
Sl-18395
T- 18505 18570 18645
Sell-Below 18344
Sl-18395
T-18280 18210 18135
NIFTY has closed on a absolute flat note with just 6 points gain. It was total consolidation between 18345 and 18440. This intraday range is less than 100 points. This is due to volume and VIX drop. Its been the case since last week itself. Today buy triggered but could not sustain a single 15 Min candle. We will simply use today's high and low to build our trade for the next day. Above today's high we are likely to hit ATH only hurdle in between is 18500. Below today's low we are likely to test 18135 only hurdle in between is 18280.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18445 then we will long for the target of 18505, 18570 and 18645.
For selling we need a 15 Min candle close below 18344. Target will be 18280, 18210 and 18135.
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.
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