NIFTY has closed on a positive note with 1.27% gain. It has closed above 18000 today. Our swing target - 18100 in long side (triggered on 18 Oct @ 17430) is about to hit. One can book some profit and follow the trailing method opted i.e PDL (CB). Till now TSL is safe. Today it opened with a decent gap up and 10 o'clock range broke upside @17972 and gave a move till 18022.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 18025 then we will long for the target for 18100-15. Next targets will be 18180 and 18250.
For selling we need a 15 Min candle close below 17950. Target will be 18890. Below which gap will be filled. So 17840 and 17780 will be the next targets.
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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