NIFTY Intraday Trade Setup For 21 Apr 2023
Buy-Above 17685
Sl-17635
T- 17785 17885
Sell-Below 17570
Sl-17630
T- 17475 17375
NIFTY has closed once again a flat note today. It has once again on bears grip if we see it EOD. It was almost sideways and there is no surprise in that as on 18-19 Apr trade setup it was updated that it has entered contraction phase. For 3 days it is hovering at the same level. It has formed an descending triangle pattern in hourly TF. Base level is 17570, breakdown will initiate the down move. While 17685 is important for upside in case support is not broken.
Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17685 then we will long for the target of 17785 and 17885.
For selling we need a 15 Min candle close below 17570. T- 17475 and 17375.
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 17685
Sl-17635
T- 17785 17885
Sell-Below 17570
Sl-17630
T- 17475 17375
NIFTY has closed once again a flat note today. It has once again on bears grip if we see it EOD. It was almost sideways and there is no surprise in that as on 18-19 Apr trade setup it was updated that it has entered contraction phase. For 3 days it is hovering at the same level. It has formed an descending triangle pattern in hourly TF. Base level is 17570, breakdown will initiate the down move. While 17685 is important for upside in case support is not broken.
Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 17685 then we will long for the target of 17785 and 17885.
For selling we need a 15 Min candle close below 17570. T- 17475 and 17375.
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.
