NIFTY Intraday Trade Setup For 18 Oct 2022
Buy-Above 17350
Sl-17300
T- 17430 17530 17610
Sell-Below 17269
Sl-17350
T- 17190 17100 17000
NIFTY has closed on a positive sentiment with 0.73% gain. This sentiment will continue above today's high. Above 17430 the daily range will be broken and we may see an fresh rally till 18100, if sustains above then next target will be a fresh ATH. Last day we planned to sell below 17169 on a 5 Min candle close , this trade gave 70 points and then bullish price structure established and it moved up.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17350 then we will long for the target of 17430, 17530 and 17610.
For selling we need a 5/15 min candle close below 17269. Target will be 17190, 17100. Below 17095 we will test 17000.
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 17350
Sl-17300
T- 17430 17530 17610
Sell-Below 17269
Sl-17350
T- 17190 17100 17000
NIFTY has closed on a positive sentiment with 0.73% gain. This sentiment will continue above today's high. Above 17430 the daily range will be broken and we may see an fresh rally till 18100, if sustains above then next target will be a fresh ATH. Last day we planned to sell below 17169 on a 5 Min candle close , this trade gave 70 points and then bullish price structure established and it moved up.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17350 then we will long for the target of 17430, 17530 and 17610.
For selling we need a 5/15 min candle close below 17269. Target will be 17190, 17100. Below 17095 we will test 17000.
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.
