NIFTY Intraday Trade Setup For 23 Aug 2022
Buy-Above 17560
Sl-17510
T-17640 17710
Sell-Below 17470
Sl-17520
T-17405 17350 17280
NIFTY has closed on a negative note with 1.5% cut. The weekly shooting star candle is active now. Last day we planned to sell below 17710 on a flat opening. It opened with a slight gap down and fell continuous to hit all our intraday sell targets. 10 o'clock range broke downside below 17582 and gave a move till 17470.
Coming to tomorrow's trade setup , if index opens flat and 5 Min candle closes below today's low- 17467 we will short for the target of 17405. 17350 and 17280.
Now we need to be cautious in buy side as index is has turned bearish in daily TF. On a 15 min candle close above 17560, we will long for the target of 17640 and 17710.
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 17560
Sl-17510
T-17640 17710
Sell-Below 17470
Sl-17520
T-17405 17350 17280
NIFTY has closed on a negative note with 1.5% cut. The weekly shooting star candle is active now. Last day we planned to sell below 17710 on a flat opening. It opened with a slight gap down and fell continuous to hit all our intraday sell targets. 10 o'clock range broke downside below 17582 and gave a move till 17470.
Coming to tomorrow's trade setup , if index opens flat and 5 Min candle closes below today's low- 17467 we will short for the target of 17405. 17350 and 17280.
Now we need to be cautious in buy side as index is has turned bearish in daily TF. On a 15 min candle close above 17560, we will long for the target of 17640 and 17710.
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.
