NIFTY Intraday Trade Setup For 9 Nov 2022
NIFTY Intraday Trade Setup For 9 Nov 2022
Buy-Above 18256
Sl-18200
T- 18365 18500
Sell-Below 18155
Sl-18205
T- 17065 17950
NIFTY closed on a positive sentiment with almost 0.5% on Monday. Last day it opened with a decent gap up then 10 o'clock range broke downside below 18148 and gave a move till 18065 which was more than 80 points profit. Later in the 2nd half sharp recovery till closing was seen. The 2nd half sentiment may continue above last day's high. And it will be suited best on a flat opening.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17256 then we will long for the target of 18365-75 and 18500. If 18510 is sustained then we will hit ATH.
For selling we need a 15 Min candle close below 18155. Target will be 18065 and 17950. If it sustains below 17940 then we will head towards 17800.
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 18256
Sl-18200
T- 18365 18500
Sell-Below 18155
Sl-18205
T- 17065 17950
NIFTY closed on a positive sentiment with almost 0.5% on Monday. Last day it opened with a decent gap up then 10 o'clock range broke downside below 18148 and gave a move till 18065 which was more than 80 points profit. Later in the 2nd half sharp recovery till closing was seen. The 2nd half sentiment may continue above last day's high. And it will be suited best on a flat opening.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17256 then we will long for the target of 18365-75 and 18500. If 18510 is sustained then we will hit ATH.
For selling we need a 15 Min candle close below 18155. Target will be 18065 and 17950. If it sustains below 17940 then we will head towards 17800.
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.
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