NIFTY Intraday Trade Setup For 19 Apr 2023
Buy-Above 17710
Sl-17660
T- 17801 17877
Sell-Below 17570
Sl-17620
T-17497 17425
NIFTY has closed a on slight bearish sentiment with 0.26% cut. It has formed an inside candle in daily TF which is a sign of contraction and is common after a big move. BTW it was bearish since the 1st candle. It was under bears control and its sentiment was sensed in two major places one when the 1st 15 Min candle's low was breached and 2nd when 17700 was made a resistance. This sentiment will be on till we make a bullish candle in daily TF. Also it can continue the bearish stance below 17610 if sustained properly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17710 then we will long for the target of 17801 and 17877.
For selling we need a 15 Min candle close below 17570. T- 17497 and 17425.
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 17710
Sl-17660
T- 17801 17877
Sell-Below 17570
Sl-17620
T-17497 17425
NIFTY has closed a on slight bearish sentiment with 0.26% cut. It has formed an inside candle in daily TF which is a sign of contraction and is common after a big move. BTW it was bearish since the 1st candle. It was under bears control and its sentiment was sensed in two major places one when the 1st 15 Min candle's low was breached and 2nd when 17700 was made a resistance. This sentiment will be on till we make a bullish candle in daily TF. Also it can continue the bearish stance below 17610 if sustained properly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17710 then we will long for the target of 17801 and 17877.
For selling we need a 15 Min candle close below 17570. T- 17497 and 17425.
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.
