NIFTY Intraday Trade Setup For 11 Apr 2023
NIFTY Intraday Trade Setup For 11 Apr 2023
Buy-Above 17695
Sl-17645
T-17772 17850
Sell-Below 17595
Sl-17645
T- 17500 17390
NIFTY has closed almost on a neutral note today. Till now it has been safeguarding PDL and bullish momentum is on track. A sentimental halt or reversal will be triggered only when we close below PDL. Today buy triggered as per trade setup and gave 1:1 profit (17640-17694+). A shooting star has formed in daily charts at 0.886 and trendline. A selling pressure or the pullback of the up move can be triggered below 17595. Also a mature price action is needed in hourly TF for this. Bullishness will continue above today's high.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17695 then we will long for the target of 17772 and 17850.
For selling we need a 15 Min candle close below 17595. T- 17500 and below this 17390.
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 17695
Sl-17645
T-17772 17850
Sell-Below 17595
Sl-17645
T- 17500 17390
NIFTY has closed almost on a neutral note today. Till now it has been safeguarding PDL and bullish momentum is on track. A sentimental halt or reversal will be triggered only when we close below PDL. Today buy triggered as per trade setup and gave 1:1 profit (17640-17694+). A shooting star has formed in daily charts at 0.886 and trendline. A selling pressure or the pullback of the up move can be triggered below 17595. Also a mature price action is needed in hourly TF for this. Bullishness will continue above today's high.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17695 then we will long for the target of 17772 and 17850.
For selling we need a 15 Min candle close below 17595. T- 17500 and below this 17390.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.