NIFTY Intraday Trade Setup For 3 Jun 2022
NIFTY Intraday Trade Setup For 3 Jun 2022
Buy-Above 16700
Sl-16640
T-16800 16900
Sell-Below 16440
Sl-16500
T-16350 16275
NIFTY has formed an inside candle in daily TF. It took support from 16440 and headed towards 16440. 10 o'clock range broke upside above 16540. Our buy level was 16600. It gave a small move till 16440. It was a option seller's expiry. Range formation continues. Now the range is 16700 and 16440. Breakout of this range will give us trade either side.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 16700, then we will long for the target of 16800, 16900 and 16950.
If a 15 Min candle closes below 16440. we will short for the target of 16350, 16275 and 16200.
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.
Intraday Support- 16440
Intraday Resistance- 16700
Hourly Support- 16200
Hourly Resistance- 16950-17000
Buy-Above 16700
Sl-16640
T-16800 16900
Sell-Below 16440
Sl-16500
T-16350 16275
NIFTY has formed an inside candle in daily TF. It took support from 16440 and headed towards 16440. 10 o'clock range broke upside above 16540. Our buy level was 16600. It gave a small move till 16440. It was a option seller's expiry. Range formation continues. Now the range is 16700 and 16440. Breakout of this range will give us trade either side.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 16700, then we will long for the target of 16800, 16900 and 16950.
If a 15 Min candle closes below 16440. we will short for the target of 16350, 16275 and 16200.
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.
Intraday Support- 16440
Intraday Resistance- 16700
Hourly Support- 16200
Hourly Resistance- 16950-17000
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