NIFTY Intraday Trade Setup For 03 March 2022
NIFTY Intraday Trade Setup For 03 March 2022
Buy-Above 16700
Sl-16650
T-16780 16900
Sell-Below 16475
Sl-16520
T-16400 16360
NIFTY has formed a inside candle in daily TF. Trade setup will be simple, trigger will be today's high and low. We will buy above 16700 for the target of 16800. if index sustains above 16800 then 17000 will be seen via a short covering move in tomorrow's expiry.
For selling we need a 15 Min candle close below 16500, below 16475 we will sell for the target of 16360. If 16350 is not sustained then index will dive till 16200 levels.
In case of a big gap up/down, we will trade the 10 o'clock range. Like today range broke downside below 16545 and dived till 16480. There was a descending triangle along that which gave more confirmation.
Buy-Above 16700
Sl-16650
T-16780 16900
Sell-Below 16475
Sl-16520
T-16400 16360
NIFTY has formed a inside candle in daily TF. Trade setup will be simple, trigger will be today's high and low. We will buy above 16700 for the target of 16800. if index sustains above 16800 then 17000 will be seen via a short covering move in tomorrow's expiry.
For selling we need a 15 Min candle close below 16500, below 16475 we will sell for the target of 16360. If 16350 is not sustained then index will dive till 16200 levels.
In case of a big gap up/down, we will trade the 10 o'clock range. Like today range broke downside below 16545 and dived till 16480. There was a descending triangle along that which gave more confirmation.
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