NIFTY Intraday Trade Setup For 18 Apr 2022
Buy-Above 17530
Sl-17480
T-17600 17650
Sell-Below 17440
Sl-17490
T-17385 17320
NIFTY has given a small follow through below last week doji candle low. Since this was a small week so no big move was seen. Support for next week will be 17400. Breakdown of this can lead a further fall. 17300,17200 being the immediate target. Next big bullish momentum above 18100.
Coming to Monday's trade setup, we will buy above 17530 if a 5/15 Min candle close above. Target will be near 17600. Next target will be near 17650.
For selling if index slides below 17440, we will short for the target of 17315-20. Candle close is important.
Ideal trade will be flat opening. In case a big gap up/down, trade on range breakout of the 10 o'clock range.
Buy-Above 17530
Sl-17480
T-17600 17650
Sell-Below 17440
Sl-17490
T-17385 17320
NIFTY has given a small follow through below last week doji candle low. Since this was a small week so no big move was seen. Support for next week will be 17400. Breakdown of this can lead a further fall. 17300,17200 being the immediate target. Next big bullish momentum above 18100.
Coming to Monday's trade setup, we will buy above 17530 if a 5/15 Min candle close above. Target will be near 17600. Next target will be near 17650.
For selling if index slides below 17440, we will short for the target of 17315-20. Candle close is important.
Ideal trade will be flat opening. In case a big gap up/down, trade on range breakout of the 10 o'clock range.
