NIFTY Intraday Trade Setup For 3 May 2023
Buy-Above 18185
Sl-18135
T- 18250 18320
Sell-Below 18100
Sl-18150
T- 17997 17925
NIFTY has closed on a bullish note with 0.46% gain today. While majority was contributed via gap up. It was full sideways within 50 points range almost whole day. This much range bound happened after months. Move likely to come above and below today's low and high. If it sustains below today's low- 18100 then we may proceed towards 17900 zone. Bullish momentum likely to continue above today's high. Sentiment halt will take place when we will close below PDL.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18250 and 18320.
For selling we need a 15 Min candle close below 18100. T- 17997 and 17925.
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 18185
Sl-18135
T- 18250 18320
Sell-Below 18100
Sl-18150
T- 17997 17925
NIFTY has closed on a bullish note with 0.46% gain today. While majority was contributed via gap up. It was full sideways within 50 points range almost whole day. This much range bound happened after months. Move likely to come above and below today's low and high. If it sustains below today's low- 18100 then we may proceed towards 17900 zone. Bullish momentum likely to continue above today's high. Sentiment halt will take place when we will close below PDL.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18185 then we will long for the target of 18250 and 18320.
For selling we need a 15 Min candle close below 18100. T- 17997 and 17925.
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.
