NIFTY has closed with 0.88% gain On Monday. A Doji candle has been formed in daily TF which is a sign of halt; indecision. Next day closing above or below the high and low of this candle will give us the next sentiment. Our TSL for the swing long, triggered on 18 Oct @ 17430 is intact. When index will close below PDL we will book full and active TSL is the last swing low in 15 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17780 then we will long for the target of 17860 17950. Post resistance from 17950 levels if it sustains then we will hit 18020 and 18100.
For selling we need a 15 Min candle closes below 17705. Target will be 17585-95. Post bounce if it sustains below 17580 then we will hit 17520 and 17450.
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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