NIFTY broke 16400 and closed almost 1% up today. The breakout came from a big gap up btw. The hourly trendline is also broken via the gap up. Targets are opened for 17200 for the coming weeks. No aggressive selling till a negative price action is established in 15 Min. A downtrend will be established once daily candle closes below PDL(Previous day Low).
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 16700. Long above its high for the target of 16800, 16900 and 16950.
For selling we need a 15 min candle close below 16600. Below the breakdown candle's low, short for the target of 16500 and 16400.
In case of a big gap up, below the 1st 15 Min candle low we can plan for a short trade.
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.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.