NIFTY Intraday Trade Setup For 28 Oct 2022
NIFTY Intraday Trade Setup For 28 Oct 2022
Buy-Above 17815
Sl-17760
T-17880 17950 18020
Sell-Below 17637
Sl-17690
T- 17580 17520 17465
NIFTY has close with 0.46% gain. An inside candle has been formed in daily charts. It has formed a range of 175 points . Range is 17812 and 17635. Breakout of this range will give us a directional move. Initial target will be the height of the range i.e 170 points either side. Last day it opened with a big gap up and 10 o'clock range broke downside and gave 80 points gain.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17815 then we will long for the target of 17880, 17950 and 18020.
For selling we need a 15 Min candle close below 17637. Target will be 17580, 17520 and 17465. Index will be weak below 17650 if a 15 Min candle closes below.
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 17815
Sl-17760
T-17880 17950 18020
Sell-Below 17637
Sl-17690
T- 17580 17520 17465
NIFTY has close with 0.46% gain. An inside candle has been formed in daily charts. It has formed a range of 175 points . Range is 17812 and 17635. Breakout of this range will give us a directional move. Initial target will be the height of the range i.e 170 points either side. Last day it opened with a big gap up and 10 o'clock range broke downside and gave 80 points gain.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17815 then we will long for the target of 17880, 17950 and 18020.
For selling we need a 15 Min candle close below 17637. Target will be 17580, 17520 and 17465. Index will be weak below 17650 if a 15 Min candle closes below.
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.
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