NIFTY has closed on a negative note with 1.8% cut. Important range (18100-18400) broke downside on 23 Sep 2022 (Fri) and today it has given more than 400 points gain. (17400-16979). Keep trailing to previous day high to ride the move. It is likely test 16590 but keep strict trailing sl. Last day we planned to short below 17290 it was followed but it opened with a huge gap down. 10 o'clock range broke downside below 17025 and gave move till 16979.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 16978 then we will short for the target of 16700, 16791 and 16591. 16590 can act as a support, book max in this zone.
For buying if a 15 min candle closes above 17197 then we will long for the target of 17323 and 17473. 17475-17500 can act as resistance.
Keep a strict trailing method with RR in both side.
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.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.