NIFTY Intraday Trade Setup For 13 Sep 2022
Buy-Above 17981
Sl-17930
T-18040 18090
Sell-Below 17889
Sl-17940
T-17825 17775
NIFTY has closed on a striking distance of 18k. It has closed with 0.58% gain today, more than half came via gap up.10 o'clock range did not give anything today as it turned sideways after 10 o'clock. Above and below today's day high and low directional move can be expected. The range breakout which we planned above 17780 (triggered on 8 Sep) has given 200 points gain.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17980 then we will long for the target of 17940 and 18090. Index will be bullish if 18k is sustained.
For selling we need a 5/15 Min candle close below 17889. Post breakdown we will short for the target of 17825 and 17775. Index will be weak below 17920.
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 17981
Sl-17930
T-18040 18090
Sell-Below 17889
Sl-17940
T-17825 17775
NIFTY has closed on a striking distance of 18k. It has closed with 0.58% gain today, more than half came via gap up.10 o'clock range did not give anything today as it turned sideways after 10 o'clock. Above and below today's day high and low directional move can be expected. The range breakout which we planned above 17780 (triggered on 8 Sep) has given 200 points gain.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17980 then we will long for the target of 17940 and 18090. Index will be bullish if 18k is sustained.
For selling we need a 5/15 Min candle close below 17889. Post breakdown we will short for the target of 17825 and 17775. Index will be weak below 17920.
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.
