NIFTY Intraday Trade Setup For 31 Oct 2022
NIFTY Intraday Trade Setup For 31 Oct 2022
Buy- Above 17840
Sl-17790
T-17950 18095
Sell-Below 17720
Sl-17770
T-17640 17570 17495
NIFTY has closed with a slight gain just more than 1% last week. Our swing buy position is intact which was triggered on 18 Oct 2022 @ 17430. Our 1st planned target was near 18100 and above which a fresh ATH. Our 1st target is likely to hit this coming weak. While we have opted TSL as PDL (CB) which is intact since our buy triggered (except Muhurat Day low). Weakness will come when daily candle closes below PDL.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17840 then we will long for the target of 17950 and next target will be near 18100. Index will be bullish above 17801.
For selling we need a 15 Min candle close below 17720. Target will be 17640. Below 17635 next targets will be 17570 and 17495.
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 17840
Sl-17790
T-17950 18095
Sell-Below 17720
Sl-17770
T-17640 17570 17495
NIFTY has closed with a slight gain just more than 1% last week. Our swing buy position is intact which was triggered on 18 Oct 2022 @ 17430. Our 1st planned target was near 18100 and above which a fresh ATH. Our 1st target is likely to hit this coming weak. While we have opted TSL as PDL (CB) which is intact since our buy triggered (except Muhurat Day low). Weakness will come when daily candle closes below PDL.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17840 then we will long for the target of 17950 and next target will be near 18100. Index will be bullish above 17801.
For selling we need a 15 Min candle close below 17720. Target will be 17640. Below 17635 next targets will be 17570 and 17495.
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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