NIFTY Intraday Trade Setup For 28 Nov 2022
Buy-Above 18535
Sl-18485
T-18655 18775
Sell-Below 18445
Sl-18495
T- 18365 18290
NIFTY closed with winning streak this week. It has closed with more than 1% gain this week. On Friday it closed almost flat but near day high; a sign of bullish sentiment. We had taken long position @ 17430 for the target of 18645+. This was triggered on 17 Oct 22. We have been trailing sl as market is moving. As of now our TSL is the last swing low in daily TF- 18130. Anyways we are at striking distance from our target. Very smoothly we have gained more than 6% in 30+ days.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 18535 then we will long for the target of 18655 and 18775. BTW 18605 is the 1st target as it is important.
For selling we need a 15 Min candle close below 18445. Target will be 18365 and 18295.
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 18535
Sl-18485
T-18655 18775
Sell-Below 18445
Sl-18495
T- 18365 18290
NIFTY closed with winning streak this week. It has closed with more than 1% gain this week. On Friday it closed almost flat but near day high; a sign of bullish sentiment. We had taken long position @ 17430 for the target of 18645+. This was triggered on 17 Oct 22. We have been trailing sl as market is moving. As of now our TSL is the last swing low in daily TF- 18130. Anyways we are at striking distance from our target. Very smoothly we have gained more than 6% in 30+ days.
Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 18535 then we will long for the target of 18655 and 18775. BTW 18605 is the 1st target as it is important.
For selling we need a 15 Min candle close below 18445. Target will be 18365 and 18295.
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.
