NIFTY Intraday Trade Setup For 7 Nov 2022
NIFTY Intraday Trade Setup For 7 Nov 2022
Buy-Above 18136
Sl-18085
T-18215 18272 18350
Sell-Below 18000
Sl-18050
T-17935 17885 17835
NIFTY has closed on a positive note on last day and week. Our swing long position which was triggered on 18 Oct hit our 1st target 1 Nov (17430-18175+). We already had our targets planned 18100 and 18600+. So our next target 18600+ is on our way above which a rally till 19600+ will also be seen. Now we will trail sl to last swing lows in daily TF as we have some space from entry. Last swing is 17950 which will be our TSL. Also we need negative price action (M) for any reversal from these levels.
Coming to Monday's trade setup, if index opens flat and 15 Min candle closes above 18136 then we will long for the target of 18215, 18272 and 18350.
For selling we need a 15 Min candle close below 18000. Target will be 17935, 17886 and 17835.
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 18136
Sl-18085
T-18215 18272 18350
Sell-Below 18000
Sl-18050
T-17935 17885 17835
NIFTY has closed on a positive note on last day and week. Our swing long position which was triggered on 18 Oct hit our 1st target 1 Nov (17430-18175+). We already had our targets planned 18100 and 18600+. So our next target 18600+ is on our way above which a rally till 19600+ will also be seen. Now we will trail sl to last swing lows in daily TF as we have some space from entry. Last swing is 17950 which will be our TSL. Also we need negative price action (M) for any reversal from these levels.
Coming to Monday's trade setup, if index opens flat and 15 Min candle closes above 18136 then we will long for the target of 18215, 18272 and 18350.
For selling we need a 15 Min candle close below 18000. Target will be 17935, 17886 and 17835.
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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