Monday 08 April , Nifty Intraday Setup

8 avr.

Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath

Intraday Range: 22,430 to 22,620

Strategy 1: The range is wider, so focus on reversals of critical resistance and support.

Strategy 2: The 30-minute Please find below a revised version of the text:

Since January 2024, the behaviour of the Index has been unpredictable. There have been no sustained breakouts or falls throughout the day, which indicates a dirty uptrend that is not reliable, especially when the Index is trading on its all-time high.

The intraday range for today is between 22,430 and 22,620.

To trade in such a market, you can follow two strategies:

1. The range is wider, so focus on reversals of critical resistance and support.

2. The 30-minute range can help you identify market curves and directions.

Risk management is crucial in such uncertain market conditions. To minimize your risks, you should:

- Keep your position size low.
- Choose the right segments to trade in.
- If you are a directional trader, trade-in pieces instead of taking a full position.ge also helps to identify the market curves and directions.

Risk Management :
Position size must be low
Segments will play a significant role
Trade in Pieces instead if you are a directional Trader