NIFTY Intraday Trade Setup For 25 Apr 2023
Buy-Above 17755
Sl-17705
T-17832 17910
Sell-Below 17690
Sl-17940
T- 17610 17550
NIFTY has closed on a bullish sentiment with 0.68% gain today . It opened with a decent gap up and sold off right after opening. Buy triggered 17665 after 12:45 and gave a non stop rally till 17554. On weekend we discussed that index can take any direction from last week's close. We planned a short below 17550 which was not tested. We also discussed that above 17665 if sustained we can start a fresh impulse and reason behind the parabolic up move was this - 'fresh impulse'. Bullishness likely to continue above today's high. Major downside structure opens only below 17550.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17755 then we will long for the target of 17832 and 17910.
For selling we need a 15 Min candle close below 17690. T- 17610 and 17555.
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 17755
Sl-17705
T-17832 17910
Sell-Below 17690
Sl-17940
T- 17610 17550
NIFTY has closed on a bullish sentiment with 0.68% gain today . It opened with a decent gap up and sold off right after opening. Buy triggered 17665 after 12:45 and gave a non stop rally till 17554. On weekend we discussed that index can take any direction from last week's close. We planned a short below 17550 which was not tested. We also discussed that above 17665 if sustained we can start a fresh impulse and reason behind the parabolic up move was this - 'fresh impulse'. Bullishness likely to continue above today's high. Major downside structure opens only below 17550.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17755 then we will long for the target of 17832 and 17910.
For selling we need a 15 Min candle close below 17690. T- 17610 and 17555.
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.
