NIFTY Intraday Trade Setup For 11 Nov 2022
Buy-Above 18065
Sl-18010
T-18135 18213 18300
Sell-Below 17969
Sl-18020
T- 17865 17785
NIFTY closed on a negative sentiment with 0.71% cut today. A neutral doji has been formed in daily TF. Till now our swing long position is intact as our TSL - 17950 is not yet breached. . Below this level structure will be changed to downside. We have already planned the target as a fresh ATH. View is intact; invalidation is only below 17950. Today it opened below our sell level via gap up , but as per 10 o'clock range sell triggered below 18040 and gave a move till 17970.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18065 then we will long for the target of 18135, 18215 and 18300.
For selling we need a 15 min candle close below 17969. Target will be 17865 and 17785.
Chances of a big gap up is high due to US CPI numbers. 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 18065
Sl-18010
T-18135 18213 18300
Sell-Below 17969
Sl-18020
T- 17865 17785
NIFTY closed on a negative sentiment with 0.71% cut today. A neutral doji has been formed in daily TF. Till now our swing long position is intact as our TSL - 17950 is not yet breached. . Below this level structure will be changed to downside. We have already planned the target as a fresh ATH. View is intact; invalidation is only below 17950. Today it opened below our sell level via gap up , but as per 10 o'clock range sell triggered below 18040 and gave a move till 17970.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18065 then we will long for the target of 18135, 18215 and 18300.
For selling we need a 15 min candle close below 17969. Target will be 17865 and 17785.
Chances of a big gap up is high due to US CPI numbers. 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.
