Nifty Intraday Trade setup for 22 April 2020

Good Morning everyone,

Yesterday We has seen a major dump in Nifty Index. Total correction is 280 points in Intraday. Sentiment is negative as per we yesterday Negative but as I always said that everyday is different then others in Intraday so do not come on next day on previous day sentiment...

Key Factor
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SGX is almost 71 Points down atm.
Dow close lower then 631 points from previous day .

Let's see how our market will be react today on the above Scenario

Nifty Key Resistance is 9150 and support is on 8700.

Trade setup
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A -Buy Level
Build a long position if price sustain above 9050

B- Sell Level
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Sell if price break 8800 Level

Note : Wait for first 30 minute to get the Index settle. These Levels are based on previous data and can destroy on Huge Gap up or gap down so wait first 30 minute and observe the Index move. Will update More in live market...

Good Luck and Happy trading

Trade closed: target reached:

Our Long Position is above 9050. Index made 9124 in Intraday. 74 Points Profit

Comment:

9180 high