NIFTY Intraday Trade Setup For 5 Sep 2022
Buy-Above 17645
Sl-17590
T- 17757 17837
Sell-Below 17467
Sl-17520
T- 17380 17300
NIFTY has closed absolutely flat on last trading session and also in this week. Broader range is 18000 and 17150. Above and below this range we can expect a directional move. An inside candle formed on Friday so its two consecutive inside candle which is evident that we have consolidated tightly and a move is expected above and below the high of the Mother candle.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes below 17467 then we will short for the target of 17380, 17300 and near 17200.
For buying we need a 15 Min candle close above 17645. Upside target will be 17557, 17837 and 17900+.
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 17645
Sl-17590
T- 17757 17837
Sell-Below 17467
Sl-17520
T- 17380 17300
NIFTY has closed absolutely flat on last trading session and also in this week. Broader range is 18000 and 17150. Above and below this range we can expect a directional move. An inside candle formed on Friday so its two consecutive inside candle which is evident that we have consolidated tightly and a move is expected above and below the high of the Mother candle.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes below 17467 then we will short for the target of 17380, 17300 and near 17200.
For buying we need a 15 Min candle close above 17645. Upside target will be 17557, 17837 and 17900+.
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.
