NIFTY Intraday Trade Setup For 5 Apr 2023
Buy-Above 17430
Sl- 17380
T- 17530 17615
Sell-Below 17310
Sl-17360
T- 17195 17080
NIFTY has closed on a bullish sentiment with 0.22% gain. Bullishness will continue above today's high. In case its low is breached then there will be good down move. Best scenarios will be on flat opening for both side trades. There is a holiday on Tuesday so chance of a gap up/down opening on Wednesday . Above 17430 it will fill the gap near 17600. Bullish sentiment will be intact till we safeguard PDL on closing basis.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17430 then we will long for the target of 17530 and 17615.
For selling we need a 15 Min candle close below 17310. T- 17195 and below 17190 we will test 17080.
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 17430
Sl- 17380
T- 17530 17615
Sell-Below 17310
Sl-17360
T- 17195 17080
NIFTY has closed on a bullish sentiment with 0.22% gain. Bullishness will continue above today's high. In case its low is breached then there will be good down move. Best scenarios will be on flat opening for both side trades. There is a holiday on Tuesday so chance of a gap up/down opening on Wednesday . Above 17430 it will fill the gap near 17600. Bullish sentiment will be intact till we safeguard PDL on closing basis.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17430 then we will long for the target of 17530 and 17615.
For selling we need a 15 Min candle close below 17310. T- 17195 and below 17190 we will test 17080.
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.
