NIFTY Intraday Trade Setup For 10 Oct 2022

NIFTY Intraday Trade Setup For 10 Oct 2022

Buy-Above 17340
Sl- 17285
T-17400 17530 17669

Sell-Below 17215
Sl-17270
T-17107 17030 16920

NIFTY has closed on a flat note on Friday above 50 EMA. Last week we gave a pullback of the down move(18100-16750). This pullback will continue above 17430. Till now the no 15 Min lows have been broke. Last swing low is 17215 and below which we will again show some downside momentum. Broader weekly range is 18100 and 16740.

Coming to Monday's trade setup, if index opens flat and a 5/15 min candle closes above 17340 then we will long for the target of 17410-17425. Above 17430 we will head higher towards 17530 and 17669.

We need a 15 min candle close below 17215. Post breakdown we will short for the target of 17107, 17030 and 16920.Index will be weak below 17250

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.
Chart PatternsHarmonic PatternsNIFTYnifty50niftyanalysisniftyforecastniftyintradaylevelsniftyintradaytradesetupniftylevelsniftypredictionniftytradesetupTrend Analysis

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