NIFTY Intraday Trade Setup For 26 Aug 2022
Buy-Above 17727
Sl-17680
T-17785 17855
Sell-Below 17485
Sl-17535
T-17415 17350
Sell- From 17630
Sl-17680
T-17550 17490
NIFTY has closed on a negative sentiment and closed with almost 0.5% cut. It opened with a decent gap up near our buy target which was a resistance zone. Fell from from the resistance. Next swing move will be above 18000 and below 17340.
Coming to Friday's trade setup, if index opens flat and 5 Min candle closes below 17485 then we will short for the target of 17415, below 17400 we test the daily swing low- 17350.
For buying we need to wait till we crosses today's high - 17727. Above which we hit 17785, 17855 and 17920.
A short trade can be opened from 17635 with 50 points sl for the target of 17550 and 17500.
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 17727
Sl-17680
T-17785 17855
Sell-Below 17485
Sl-17535
T-17415 17350
Sell- From 17630
Sl-17680
T-17550 17490
NIFTY has closed on a negative sentiment and closed with almost 0.5% cut. It opened with a decent gap up near our buy target which was a resistance zone. Fell from from the resistance. Next swing move will be above 18000 and below 17340.
Coming to Friday's trade setup, if index opens flat and 5 Min candle closes below 17485 then we will short for the target of 17415, below 17400 we test the daily swing low- 17350.
For buying we need to wait till we crosses today's high - 17727. Above which we hit 17785, 17855 and 17920.
A short trade can be opened from 17635 with 50 points sl for the target of 17550 and 17500.
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.
