NIFTY Intraday Trade Setup For 7 Oct 2022
NIFTY Intraday Trade Setup For 7 Oct 2022
Buy-Above 17430
Sl-17380
T-17530 17669
Sell-Below 17315
Sl-17365
T- 17230 17175 17107
NIFTY has closed with slight gain which came via gap up. A small body candle which looks like a tiny shooting star has been formed in daily charts. Hourly range breakout trade above 17200 has given more than 225 points gain and hit a target today. More 200+ points can be gained but we have to be strict with TSL we have opted i.e PDL. This up move will continue above 17430.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 17315 then we will short for the target of 17230,17175 and 17107.
For buying we need a 15 min candle close above 17430. Target will be 17530 and 17669.
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 17430
Sl-17380
T-17530 17669
Sell-Below 17315
Sl-17365
T- 17230 17175 17107
NIFTY has closed with slight gain which came via gap up. A small body candle which looks like a tiny shooting star has been formed in daily charts. Hourly range breakout trade above 17200 has given more than 225 points gain and hit a target today. More 200+ points can be gained but we have to be strict with TSL we have opted i.e PDL. This up move will continue above 17430.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 17315 then we will short for the target of 17230,17175 and 17107.
For buying we need a 15 min candle close above 17430. Target will be 17530 and 17669.
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.
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