NIFTY Intraday Trade Setup For 31 May 2022
NIFTY Intraday Trade Setup For 31 May 2022
Buy-Above 16700
Sl-16650
T-16800 16900 16950
Sell-Below 16600
Sl-16660
T-16500 16400
NIFTY broke 16400 and closed almost 1% up today. The breakout came from a big gap up btw. The hourly trendline is also broken via the gap up. Targets are opened for 17200 for the coming weeks. No aggressive selling till a negative price action is established in 15 Min. A downtrend will be established once daily candle closes below PDL(Previous day Low).
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16700. Long above its high for the target of 16800, 16900 and 16950.
For selling we need a 15 min candle close below 16600. Below the breakdown candle's low, short for the target of 16500 and 16400.
In case of a big gap up, below the 1st 15 Min candle low we can plan for a short trade.
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.
Intraday Support- 16400
Intraday Resistance- 16950
Hourly Support-16400
Hourly resistance-17200
Buy-Above 16700
Sl-16650
T-16800 16900 16950
Sell-Below 16600
Sl-16660
T-16500 16400
NIFTY broke 16400 and closed almost 1% up today. The breakout came from a big gap up btw. The hourly trendline is also broken via the gap up. Targets are opened for 17200 for the coming weeks. No aggressive selling till a negative price action is established in 15 Min. A downtrend will be established once daily candle closes below PDL(Previous day Low).
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16700. Long above its high for the target of 16800, 16900 and 16950.
For selling we need a 15 min candle close below 16600. Below the breakdown candle's low, short for the target of 16500 and 16400.
In case of a big gap up, below the 1st 15 Min candle low we can plan for a short trade.
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.
Intraday Support- 16400
Intraday Resistance- 16950
Hourly Support-16400
Hourly resistance-17200
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.