NIFTY Intraday Trade Setup For 09 Jan 2022
Buy-Above 17885
Sl-17835
T- 17980 18080
Sell-Below 17795
Sl-17845
T-17690 17575
NIFTY has closed on a bearish sentiment on last day and last week. Last week it ended with 1.36% cut. Once again an inside candle has been formed in weekly TF. So in weekly chart contraction can be sensed. Now breakout of the mother candle's high and low will lead to next contraction burst. If low- 17770 is broken then we will test 16695; mid way target is 17165. Above mother candle's high- 18270 we will test 18650 and 18900. In daily TF this levels look more crystal clear as they are major swing right now.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17885 then we will long for the target of 17980 and 18080.
For selling we need a 15 min candle close below 17795. T-17690 and 17575.
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 17885
Sl-17835
T- 17980 18080
Sell-Below 17795
Sl-17845
T-17690 17575
NIFTY has closed on a bearish sentiment on last day and last week. Last week it ended with 1.36% cut. Once again an inside candle has been formed in weekly TF. So in weekly chart contraction can be sensed. Now breakout of the mother candle's high and low will lead to next contraction burst. If low- 17770 is broken then we will test 16695; mid way target is 17165. Above mother candle's high- 18270 we will test 18650 and 18900. In daily TF this levels look more crystal clear as they are major swing right now.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17885 then we will long for the target of 17980 and 18080.
For selling we need a 15 min candle close below 17795. T-17690 and 17575.
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.
