NIFTY has closed on a bullish note with 0.57% gain today. It was another fantastic day for bulls. Buy triggered as per trade setup above 17830 and hit our 1st target very smoothly. Trade gave more than 100 points (17830-17931) which was 1:2. Last week it was said that above 17685 we will start a fresh impulse in the upside with power. Till now it has given very smooth profit after 17685 was triggered (17685-17935+). Bullishness once again likely to continue above today's high.
Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17935 then we will long for the target of 18035 and 18140.
For selling we need a 15 min candle close below 17855. T- 17765 and 17670.
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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