NIFTY has closed closed below the daily swing low of 17345 with 1.4% cut. Below today's low we may test 16585. Closing is near day high. It opened with a big gap down and gave a sharp recovery. We planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 17329 and gave a move till 17380 which was 1:1 as per 5 Min charts.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17381 then we will long for the target of 17505 and 15595+.
For selling we need a 15 Min candle close below 17280. Short if this is triggered after 9:30 for safer side. Targets will be 17170-90 Below 17165 we will hit 17060 and below.
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.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.