NIFTY Intraday Trade Setup For 28 Apr 2022

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 28 Apr 2022

Buy-Above 17110
Sl- 17050
T-17200 17250 17300

Sell-Below 17000
T-16950 16900 16825

NIFTY has closed 1% down. Formation is of a hammer. Activation is above 17120. Since last many days it is all about gap ups and downs. Intraday data is more important than pre market in this situation.

Coming to the expiry trade setup, we will long above 17120 if we get 15 Min candle close above that. Target will be 17200. Above 17225 target will be extended till 17300+.

For selling we can plan below 17000. This is a bit aggressive. Below 16950 it will be a momentum fall till 16825. Below 16800 will be a breakdown and panic selling will be triggered.

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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