NIFTY Intraday Trade Setup For 6 Oct 2022
NIFTY Intraday Trade Setup For 6 Oct 2022
Buy-Above 17290
Sl-17240
T-17365 17472 17525
Sell-Below 17232
Sl-17285
T-17175 17115 17060
NIFTY has closed on positive note with 2.29% gain. Index opened and sustained itself at higher levels. The hourly range (17200-16740) was broken yesterday. We planned for a directional move above 17200 , expected target is 450-500 points. As per XABCD which has formed in hourly TF its target is 17670. Keep trailing to either PDL or the last swing lows in 15 Min TF or cost till target.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17290 then we will long for the target of 17366, 17472 and 17530.
For selling we need a 5/15 Min candle close below 17232. Target will be 17155, 17115 and 17060.
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 17290
Sl-17240
T-17365 17472 17525
Sell-Below 17232
Sl-17285
T-17175 17115 17060
NIFTY has closed on positive note with 2.29% gain. Index opened and sustained itself at higher levels. The hourly range (17200-16740) was broken yesterday. We planned for a directional move above 17200 , expected target is 450-500 points. As per XABCD which has formed in hourly TF its target is 17670. Keep trailing to either PDL or the last swing lows in 15 Min TF or cost till target.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17290 then we will long for the target of 17366, 17472 and 17530.
For selling we need a 5/15 Min candle close below 17232. Target will be 17155, 17115 and 17060.
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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