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.