NIFTY Intraday Trade Setup For 09 May 2023
Buy-Above 18290
Sl-18240
T- 18365 18450
Sell-Below 18215
Sl-18265
T- 18135 18055
NIFTY has closed on a bullish sentiment with more than 1% gain today. Index failed to hit our long trailing sl and resumed the uptrend which we are riding. Buy triggered as per trade setup above 18170 and hit our 1st target very smoothly. Trade gave more than 110 points gain (18170-18286+). Index will turn its sentiment to bearish only when we will close below PDL and that red candle's low will be breached. Or else it will head towards ATH.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18290 then we will long for the target of 18365 and 18450.
For selling we need a 15 Min candle close below 18215. T- 18135 and 18055.
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 18290
Sl-18240
T- 18365 18450
Sell-Below 18215
Sl-18265
T- 18135 18055
NIFTY has closed on a bullish sentiment with more than 1% gain today. Index failed to hit our long trailing sl and resumed the uptrend which we are riding. Buy triggered as per trade setup above 18170 and hit our 1st target very smoothly. Trade gave more than 110 points gain (18170-18286+). Index will turn its sentiment to bearish only when we will close below PDL and that red candle's low will be breached. Or else it will head towards ATH.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 18290 then we will long for the target of 18365 and 18450.
For selling we need a 15 Min candle close below 18215. T- 18135 and 18055.
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.
