NIFTY Intraday Trade Setup For 2 Nov 2022
NIFTY Intraday Trade Setup For 2 Nov 2022
Buy-Above 18180
Sl-18130
T- 18270 18350
Sell-Below 18060
Sl-18110
T-17997 17935 17890
NIFTY has closed on a positive note with 0.74% gain today. Today our swing long target (18100) hit which was triggered @ 17430 on 18 Oct. A fantastic rally of more than 700 points captured by TSL opted i.e PDL (CB). Next target after a minor profit booking will be a fresh ATH. If profit booking starts which will be triggered when we close below PDL. We can test 17730 levels if it starts below PDL as per current data.
Let our TSL give us the alert.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18180 then we will long for the target of 18272 and 18350.
For selling we need a 15 Min candle close below 18060. Target will be 17997, post bounce we will head towards 17935 and 17890. Index will be weak below 18100.
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 18180
Sl-18130
T- 18270 18350
Sell-Below 18060
Sl-18110
T-17997 17935 17890
NIFTY has closed on a positive note with 0.74% gain today. Today our swing long target (18100) hit which was triggered @ 17430 on 18 Oct. A fantastic rally of more than 700 points captured by TSL opted i.e PDL (CB). Next target after a minor profit booking will be a fresh ATH. If profit booking starts which will be triggered when we close below PDL. We can test 17730 levels if it starts below PDL as per current data.
Let our TSL give us the alert.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 18180 then we will long for the target of 18272 and 18350.
For selling we need a 15 Min candle close below 18060. Target will be 17997, post bounce we will head towards 17935 and 17890. Index will be weak below 18100.
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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