NIFTY Intraday Trade Setup For 04 Jan 2022
NIFTY Intraday Trade Setup For 04 Jan 2022
Buy-Above 17650
Sl-17610
17740 17800
Sell- None
As discussed on weekend that we are simply going to buy above Friday's high i.e 17400
and what a day it was straight run after we bought no panic at all.
Coming to Tuesday Trade Setup, We will gain buy above today's high i.e 17650 for the target of 17800.
For selling no aggressive sell plan is good here.
However if price closes below 17500 in 15 Min TF then we can plan for a short trade with half the position size.
If opens with big gap up then 5 min candle is important and profit booking can take place in intraday.
For flat opening we will simply buy above 17650.
If opens a big gap down then also the first 5 Min candle is important to watch.
Selling can be avoided as of now.
Buy-Above 17650
Sl-17610
17740 17800
Sell- None
As discussed on weekend that we are simply going to buy above Friday's high i.e 17400
and what a day it was straight run after we bought no panic at all.
Coming to Tuesday Trade Setup, We will gain buy above today's high i.e 17650 for the target of 17800.
For selling no aggressive sell plan is good here.
However if price closes below 17500 in 15 Min TF then we can plan for a short trade with half the position size.
If opens with big gap up then 5 min candle is important and profit booking can take place in intraday.
For flat opening we will simply buy above 17650.
If opens a big gap down then also the first 5 Min candle is important to watch.
Selling can be avoided as of now.
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