NIFTY Intraday Trade Setup For 6 Apr 2023
Buy-Above 17571
Sl-17520
T- 17625 17677
Sell-Below 17510
Sl-17560
T- 17445 17378
NIFTY once again closed on a bold bullish note with 0.91% gain today. Buy triggered as per trade setup above 17430 and hit 1st target very smoothly (17430-17570+). Its momentum is better than BANKNIFTY since last few days. Next important resistance will be the near the trendline plotted. I will look for a bearish price price action (LHLL) or any sell setup to plan for a short. As said bullish sentiment will be intact till it safeguards PDL(CB). Some bullish momentum will be seen above today's high.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17571 then we will long for the target of 17625 and 17677-80.
For selling we need a 15 Min candle close below 17510. T- 17445 and 17378.
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 17571
Sl-17520
T- 17625 17677
Sell-Below 17510
Sl-17560
T- 17445 17378
NIFTY once again closed on a bold bullish note with 0.91% gain today. Buy triggered as per trade setup above 17430 and hit 1st target very smoothly (17430-17570+). Its momentum is better than BANKNIFTY since last few days. Next important resistance will be the near the trendline plotted. I will look for a bearish price price action (LHLL) or any sell setup to plan for a short. As said bullish sentiment will be intact till it safeguards PDL(CB). Some bullish momentum will be seen above today's high.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17571 then we will long for the target of 17625 and 17677-80.
For selling we need a 15 Min candle close below 17510. T- 17445 and 17378.
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.
