NIFTY Intraday Trade Setup For 19 Apr 2022
Buy-Above 17240
Sl-17200
T-17300 17330 17385
Sell-Below 17130
Sl-17180
T-17070 17000
NIFTY has made a doji candle in daily TF. It indicates a trend pause or even a reversal can be seen. We have seen a good downside move from 18000.We also expected a downside below 17600 when a doji candle was formed in weekly TF. Now we can expect a pause or reversal from this zone. 17000 is a major support.
Coming to tomorrow's trade setup, we will buy if a 15 Min candle closes above 17240. Above this we can long for the target of 17300 and 17400.
On a 15 Min candle close below 17130, sell for the target of 17070. This is our first target. Below 17050 we can expect another downside move till 17000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
Buy-Above 17240
Sl-17200
T-17300 17330 17385
Sell-Below 17130
Sl-17180
T-17070 17000
NIFTY has made a doji candle in daily TF. It indicates a trend pause or even a reversal can be seen. We have seen a good downside move from 18000.We also expected a downside below 17600 when a doji candle was formed in weekly TF. Now we can expect a pause or reversal from this zone. 17000 is a major support.
Coming to tomorrow's trade setup, we will buy if a 15 Min candle closes above 17240. Above this we can long for the target of 17300 and 17400.
On a 15 Min candle close below 17130, sell for the target of 17070. This is our first target. Below 17050 we can expect another downside move till 17000.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
