NIFTY Intraday Trade Setup For 22 Apr 2022
Buy-Above 17420
Sl-17370
T-17500 17550 17650
Sell-Below 17270
Sl-17320
T-17200 17150 17100
NIFTY ha made a long bullish candle, closed with 1.5% gain. We planned to buy above the mother candle high-17280. As soon as it was broken index rallied till 17410 nonstop. There was a good buildup before breakout. It was a smooth trending day.
Coming to tomorrow's trade setup, long above 17420 if a 15 min candle closes above this. Targets will be 17500 17550 and 17650.
For selling, wait till 17300 to break downside. If a 15 Min candle closes below 17300 then below that candle low short for the target of 17200 and 17150. Safe traders should wait till 17270.
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 17420
Sl-17370
T-17500 17550 17650
Sell-Below 17270
Sl-17320
T-17200 17150 17100
NIFTY ha made a long bullish candle, closed with 1.5% gain. We planned to buy above the mother candle high-17280. As soon as it was broken index rallied till 17410 nonstop. There was a good buildup before breakout. It was a smooth trending day.
Coming to tomorrow's trade setup, long above 17420 if a 15 min candle closes above this. Targets will be 17500 17550 and 17650.
For selling, wait till 17300 to break downside. If a 15 Min candle closes below 17300 then below that candle low short for the target of 17200 and 17150. Safe traders should wait till 17270.
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.
