NIFTY Intraday Trade Setup For 3 Nov 2022
NIFTY Intraday Trade Setup For 3 Nov 2022
Buy-Above 18100
Sl-18050
T-18170 18270 18350
Sell-Below 18048
Sl-18100
T-17985 17935 17890
NIFTY has closed on a negative note today with 0.34% cut. It was well updated last day that our swing long target was hit yesterday and we are likely to give a profit booking which can extend till 17730. So has started to happen today. This profit booking will be confirmed and strengthen when we close below PDL. As per trade setup nothing was triggered but both support and resistance worked very well. 10 o'clock range broke downside and gave more than 50 points.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18100 then we will long for the target of 18150-70. Above 18180 fresh upside move will, next targets being 18270 and 18350.
For selling we need a 15 Min candle close below 18048. Target will be 17985, 17935 and 17890.
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 18100
Sl-18050
T-18170 18270 18350
Sell-Below 18048
Sl-18100
T-17985 17935 17890
NIFTY has closed on a negative note today with 0.34% cut. It was well updated last day that our swing long target was hit yesterday and we are likely to give a profit booking which can extend till 17730. So has started to happen today. This profit booking will be confirmed and strengthen when we close below PDL. As per trade setup nothing was triggered but both support and resistance worked very well. 10 o'clock range broke downside and gave more than 50 points.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 18100 then we will long for the target of 18150-70. Above 18180 fresh upside move will, next targets being 18270 and 18350.
For selling we need a 15 Min candle close below 18048. Target will be 17985, 17935 and 17890.
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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