NIFTY Intraday Trade Setup For 07 Mar 2022
NIFTY Intraday Trade Setup For 07 Mar 2022
Buy-Above 16460
Sl-16440
T-16500 16560
Sell-Below 16130
Sl-16170
T-16000 15890
NIFTY has shown a big 2 way move on Friday's trading session. The swings were too big. Fell from 16360 to 16135 and from there it shot up till 16456. We have to use this range to build our trade setup on Monday. Range is too big by the way.
For buying if we get a 15 min candle close above 16460 then above that candle we will buy for 16500 and if 16500 is sustained then 16560 will be our next target. In buying side, there are multiple resistance. Actually trend is downward from weekly to daily. So, buying should be done very carefully.
For selling, if Friday's low i.e 16130 is breached then the the trendy move will come.1st target will be 16000. It is a psychological level so we will book our profits there. Then if once again 16000 is broken then another round of selling till 15880-15890 will be seen.
Range is too big. And since this Russia Ukraine news is in headline, we have been opening with a big gap up or gap down. Use 10 'clock range in that case and trade that range breakout/down.
Buy-Above 16460
Sl-16440
T-16500 16560
Sell-Below 16130
Sl-16170
T-16000 15890
NIFTY has shown a big 2 way move on Friday's trading session. The swings were too big. Fell from 16360 to 16135 and from there it shot up till 16456. We have to use this range to build our trade setup on Monday. Range is too big by the way.
For buying if we get a 15 min candle close above 16460 then above that candle we will buy for 16500 and if 16500 is sustained then 16560 will be our next target. In buying side, there are multiple resistance. Actually trend is downward from weekly to daily. So, buying should be done very carefully.
For selling, if Friday's low i.e 16130 is breached then the the trendy move will come.1st target will be 16000. It is a psychological level so we will book our profits there. Then if once again 16000 is broken then another round of selling till 15880-15890 will be seen.
Range is too big. And since this Russia Ukraine news is in headline, we have been opening with a big gap up or gap down. Use 10 'clock range in that case and trade that range breakout/down.
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