NIFTY Intraday Trade Setup For 11 Feb 2022
Buy-Above 17650
Sl-17610
T-17715 17800
Sell-Below 17550
Sl-17580
T-17500 17440
NIFTY has closed in a positive note. However it opened with a decent gap up. We planned to wait till 10 o'clock in case of gap up. There was RBI conference also. After 10 o'clock our buy level was triggered. It was was a bit fast and furious. It gave more than 100 points.
Coming to tomorrow's trade setup, index has made a range in the second trading session. We will simply trade that range breakout or breakdown.
We need a 5 min candle close above 17640. Then if 17650 is breached we will simpl;y buy for the target of 17710 and 17800.
For selling also, we will use the second half range. If we get a 15 Min candle close below 17575. Then below 17550 we will sell for the target of 17500 and 17430.
Best trade will be in buy side. As current sentiment is bullish. Previous day low is not being tested and high is being breached.
In case of a big gap up or gap down we will wait till 10 o'clock and then trade that range.
Buy-Above 17650
Sl-17610
T-17715 17800
Sell-Below 17550
Sl-17580
T-17500 17440
NIFTY has closed in a positive note. However it opened with a decent gap up. We planned to wait till 10 o'clock in case of gap up. There was RBI conference also. After 10 o'clock our buy level was triggered. It was was a bit fast and furious. It gave more than 100 points.
Coming to tomorrow's trade setup, index has made a range in the second trading session. We will simply trade that range breakout or breakdown.
We need a 5 min candle close above 17640. Then if 17650 is breached we will simpl;y buy for the target of 17710 and 17800.
For selling also, we will use the second half range. If we get a 15 Min candle close below 17575. Then below 17550 we will sell for the target of 17500 and 17430.
Best trade will be in buy side. As current sentiment is bullish. Previous day low is not being tested and high is being breached.
In case of a big gap up or gap down we will wait till 10 o'clock and then trade that range.
