NIFTY Intraday Trade Setup For 9 Mar 2022
Buy-Above 16030
Sl-15980
T-16130 16250
Sell-Below 15940
Sl-16000
T-15890 15815
NIFTY showed some profit booking today, profit booking by short sellers. On Monday it made a hammer like candle. We planned short below last Monday low, it gave a small profit of 50 points. then Double Bottom was formed and index gave a good move above 15770 till 16000. All updates were shared.
Coming to tomorrow's trade setup, index has closed on a bullish note. If opens flat and crosses Tuesday's high the we will build our long for the target of 16130 and 16250.
For selling one scalp trade can be done below 16940 for the target of 15820. Below 15800 index may give a move till 16700.
in case of a big gap up/down use 10 o'clock range to build trade setup. Live intraday trade setup will be used in that case.
Buy-Above 16030
Sl-15980
T-16130 16250
Sell-Below 15940
Sl-16000
T-15890 15815
NIFTY showed some profit booking today, profit booking by short sellers. On Monday it made a hammer like candle. We planned short below last Monday low, it gave a small profit of 50 points. then Double Bottom was formed and index gave a good move above 15770 till 16000. All updates were shared.
Coming to tomorrow's trade setup, index has closed on a bullish note. If opens flat and crosses Tuesday's high the we will build our long for the target of 16130 and 16250.
For selling one scalp trade can be done below 16940 for the target of 15820. Below 15800 index may give a move till 16700.
in case of a big gap up/down use 10 o'clock range to build trade setup. Live intraday trade setup will be used in that case.
