Nifty 50 Intraday Trade Setup for Tuesday 28th April 2020
Updated
Good Morning sir's,
First aspect my apologies for not posting the Intraday Trade setup for Nifty 50 and Bank Nifty Index both.We had seen a narrow range in Nifty 50 Index , Most of come from gap up and Index traded btw 9380 to 9250. This range is valid for today as well and an Indecision. SGX and Onanada both has shown the strength in Nifty future while we're selling so most of chances for a gap up opening.
Key Factors
===============
1-Reserve Bank of India (RBI) announced a special liquidity facility of Rs 50,000 crore for mutual funds to calm investors jittery after the Franklin Templeton fiasco.
2- Dow has also shown strength and closed 358.5 Point up from previous trading session.
3- Crude Oil is still weak.
4- Indian rupees are stable
5- According to Option chain data Nifty Range will be 9000-9500
Nifty key Resistance for Intraday is 9500 and support is on 8900 as per my own tech analysis...
Intraday Trade setup
======================
Buy : Only and only when nifty cross 9450 and sustain first hour above on it.
Sell : Short Position is tricky and I am getting 2 levels
A: First Position come from 9370-9400 with 9450 sl . If you see any gap up Opening then you can build your short position here .. For : aggressive Traders
B: Safe Trader can build their short lower then 9140
Good Luck and Happy trading
First aspect my apologies for not posting the Intraday Trade setup for Nifty 50 and Bank Nifty Index both.We had seen a narrow range in Nifty 50 Index , Most of come from gap up and Index traded btw 9380 to 9250. This range is valid for today as well and an Indecision. SGX and Onanada both has shown the strength in Nifty future while we're selling so most of chances for a gap up opening.
Key Factors
===============
1-Reserve Bank of India (RBI) announced a special liquidity facility of Rs 50,000 crore for mutual funds to calm investors jittery after the Franklin Templeton fiasco.
2- Dow has also shown strength and closed 358.5 Point up from previous trading session.
3- Crude Oil is still weak.
4- Indian rupees are stable
5- According to Option chain data Nifty Range will be 9000-9500
Nifty key Resistance for Intraday is 9500 and support is on 8900 as per my own tech analysis...
Intraday Trade setup
======================
Buy : Only and only when nifty cross 9450 and sustain first hour above on it.
Sell : Short Position is tricky and I am getting 2 levels
A: First Position come from 9370-9400 with 9450 sl . If you see any gap up Opening then you can build your short position here .. For : aggressive Traders
B: Safe Trader can build their short lower then 9140
Good Luck and Happy trading
Trade closed: target reached
A: First Position come from 9370-9400 with 9450 sl . If you see any gap up Opening then you can build your short position here .. For : aggressive TradersMade high 9401 and we have got our short position and it did well.
Telegram : t.me/Codeviser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Website: codeviser.org
Follow us on Twitter: twitter.com/CodeVisers
Our Facebook Page: facebook.com/Codevisers
Youtube: youtube.com/c/CodeViser
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.