NIFTY Intraday Trade Setup For 01 August 2022
NIFTY Intraday Trade Setup For 01 August 2022
Buy-Above 17175
Sl-17120
T- 17235 17300 17400
Sell-Below 17060
Sl-17110
T-17000 16950 16860
NIFTY has closed on a positive note across all the TF( D,W,M). Index is approaching near 17845, also the daily trendline resistance is also placed there. Maintain a bullish view till a daily candle closes below any previous day's low. Immediate important support support is 17000 and 17500 being the resistance.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 17175, we will long for the target of 17235, 17300 and 17400. Book max near 17300.
In case a 5 min candle closes below 17060, we will short for the target of 17000, 16950 and 16860.
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 17175
Sl-17120
T- 17235 17300 17400
Sell-Below 17060
Sl-17110
T-17000 16950 16860
NIFTY has closed on a positive note across all the TF( D,W,M). Index is approaching near 17845, also the daily trendline resistance is also placed there. Maintain a bullish view till a daily candle closes below any previous day's low. Immediate important support support is 17000 and 17500 being the resistance.
Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 17175, we will long for the target of 17235, 17300 and 17400. Book max near 17300.
In case a 5 min candle closes below 17060, we will short for the target of 17000, 16950 and 16860.
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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