NIFTY Intraday Trade Setup For 12 Sep 2022
Buy-Above 17870
Sl-17820
T- 17925 18000 18087
Sell-Below 17785
Sl- 17835
T-17700 17620
NIFTY has closed on a flat note with some lite gains. It is still inside the hourly range of 18000 and 17150. Probability of breaking of the range high is more. Index has closed with 1.68% gain this week, still no weakness or reversal is there in weekly charts. Directional move will come above and below the range discussed . Above 18000 probability to test ATH is high.
Coming to tomorrow's Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17870 then we will long for the target of 17925 and 18000. Extended target above 18k will be 18087.
For selling we need a 5/15 Min candle close below 17785. Post breakdown we will head towards 17700. Below 17690 we will test 17615.
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 17870
Sl-17820
T- 17925 18000 18087
Sell-Below 17785
Sl- 17835
T-17700 17620
NIFTY has closed on a flat note with some lite gains. It is still inside the hourly range of 18000 and 17150. Probability of breaking of the range high is more. Index has closed with 1.68% gain this week, still no weakness or reversal is there in weekly charts. Directional move will come above and below the range discussed . Above 18000 probability to test ATH is high.
Coming to tomorrow's Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 17870 then we will long for the target of 17925 and 18000. Extended target above 18k will be 18087.
For selling we need a 5/15 Min candle close below 17785. Post breakdown we will head towards 17700. Below 17690 we will test 17615.
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.
