Índice Nifty 50

Nifty Trade Setup idea for 12-September-2022

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Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower.

- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.

- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.

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