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.
