NIFTY Intraday Trade Setup For 10 Aug 2022
Buy-Above 17550
Sl-17500
T- 17605 17675
Sell-Below 17485
Sl-17540
T-17400 17350
NIFTY has closed on a positive sentiment with 0.7% gain. It closed above an important resistance 17500. Above today's high we will again head higher. Last day we planned to buy above 17500 it has given almost 50 points gain today. It was more trendy than BANKNIFTY.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17550 we will long for the target of 17605 and 16675. If momentum continues then hold 17800 with trailing sl as per last swing low in 5 Min TF.
In case a 5 Min candle closes below 17485, we will short for the target of 17400. After a bounce if 17400 is breached then we will head towards 17350.
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 17550
Sl-17500
T- 17605 17675
Sell-Below 17485
Sl-17540
T-17400 17350
NIFTY has closed on a positive sentiment with 0.7% gain. It closed above an important resistance 17500. Above today's high we will again head higher. Last day we planned to buy above 17500 it has given almost 50 points gain today. It was more trendy than BANKNIFTY.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17550 we will long for the target of 17605 and 16675. If momentum continues then hold 17800 with trailing sl as per last swing low in 5 Min TF.
In case a 5 Min candle closes below 17485, we will short for the target of 17400. After a bounce if 17400 is breached then we will head towards 17350.
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.
