NIFTY Intraday Trade Setup For 9 Feb 2023
Buy-Above 17900
Sl-17850
T-18000 18105
Sell-Below 17829
Sl-17880
T- 17700 17570
NIFTY has closed on a bullish sentiment with more than 0.85% gain. It has closed near day high which is a bullish sign and this bullishness will continue above today's high. Next important level will be 18000. However it has created a stretch in in 15 Min chart. Breakdown can lead to halt in the uptrend. So keep an eye on today's trendline. Today it opened almost flat and buy triggered and hit 1st target very smoothly just before the announcement. Trade gave more than 100 points ; 1:2. If market opens gap down tomorrow then analyze things after 10:30 and build trades.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17900 then we will long for the target of 18000 and 18105.
For selling we need a 15 Min candle close below 17829. Aggressive selling will start below 17990.T- 17700 and 17570.
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 17900
Sl-17850
T-18000 18105
Sell-Below 17829
Sl-17880
T- 17700 17570
NIFTY has closed on a bullish sentiment with more than 0.85% gain. It has closed near day high which is a bullish sign and this bullishness will continue above today's high. Next important level will be 18000. However it has created a stretch in in 15 Min chart. Breakdown can lead to halt in the uptrend. So keep an eye on today's trendline. Today it opened almost flat and buy triggered and hit 1st target very smoothly just before the announcement. Trade gave more than 100 points ; 1:2. If market opens gap down tomorrow then analyze things after 10:30 and build trades.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17900 then we will long for the target of 18000 and 18105.
For selling we need a 15 Min candle close below 17829. Aggressive selling will start below 17990.T- 17700 and 17570.
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.
