NIFTY 05-04-2022
Updated
INTRADAY RANGE 18290-17765
MARKET STRECHED TOO MUCH ONE MORE DAY WE CAN SEE BULLISH MOVE BUT IF MARKET WANT TO GO UP IT NEED TO COME DOWN FIRST.
SO WE THINK FOR SELL ON 05-04-2022
1). IF OPEN GAP UP
a).
step1 wait for 1st 5 min candle.
step2 if 1st 5 min candle is a bearish candle sell below candle low with sl candle high best if form open high scenario.
step3 tgt 17950 - 17765
b).
step 1 if breaks 1st 5 min bearish red candle high then wait for break 18230-18290 then wait for 15 min bearish candle to take sell trade
step 2 sl 15 min close above this level/ day high
step 3 tgt 18050 - 17950 - 17765
think for buy only near 17700-17900
MARKET STRECHED TOO MUCH ONE MORE DAY WE CAN SEE BULLISH MOVE BUT IF MARKET WANT TO GO UP IT NEED TO COME DOWN FIRST.
SO WE THINK FOR SELL ON 05-04-2022
1). IF OPEN GAP UP
a).
step1 wait for 1st 5 min candle.
step2 if 1st 5 min candle is a bearish candle sell below candle low with sl candle high best if form open high scenario.
step3 tgt 17950 - 17765
b).
step 1 if breaks 1st 5 min bearish red candle high then wait for break 18230-18290 then wait for 15 min bearish candle to take sell trade
step 2 sl 15 min close above this level/ day high
step 3 tgt 18050 - 17950 - 17765
think for buy only near 17700-17900
Note
get ready for buying side
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