NIFTY Intraday Trade Setup For 20 Apr 2023
Buy-Above 17670
Sl-17620
T-17775 17865
Sell-Below 17570
Sl-17620
T- 17497 17425
NIFTY has closed on a slight bearish sentiment today with a minor cut of 0.23%. Yesterday it was clearly told that index has shown sign of bearishness and their grip in market. It will last when we will get a good green close in daily TF. Last day the 2 observations were shared that has started the pullback/down move. Today also in nut shell it was bearish. While nothing triggered as per trade setup today. This happened as it trading in only 87 points range throughout day. It has been updated we are in contraction mode.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17670 then we will long for the target of 17775 and 17865-75.
For selling we need a 15 Min candle close below 17570. T- 17497 and 17425.
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 17670
Sl-17620
T-17775 17865
Sell-Below 17570
Sl-17620
T- 17497 17425
NIFTY has closed on a slight bearish sentiment today with a minor cut of 0.23%. Yesterday it was clearly told that index has shown sign of bearishness and their grip in market. It will last when we will get a good green close in daily TF. Last day the 2 observations were shared that has started the pullback/down move. Today also in nut shell it was bearish. While nothing triggered as per trade setup today. This happened as it trading in only 87 points range throughout day. It has been updated we are in contraction mode.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17670 then we will long for the target of 17775 and 17865-75.
For selling we need a 15 Min candle close below 17570. T- 17497 and 17425.
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.
