NIFTY Intraday Trade Setup For 10 Mar 2022
Buy-Above 16420
Sl-16370
T- 16500 16570
Sell-Below 16320
Sl-16370
T-16260 16200
NIFTY gave another follow up after the daily Doji candle. We planned to buy above 16030. Index made a perfect long confirmation candle in 15 Min and it just moved till 16418 non stop. All buy targets were achieved. This was a short covering move ahead of expiry and 5 state election results.
Coming to tomorrow's trade setup, we will buy above today's high of 16420. If we get a 15 candle close above 16400 then above 16420 we will build our long for the target of 16500 and 16570-16600. Ideal trade will be on flat opening.
For selling if we get a 15 candle close below 16330 then below 16320 or in safer side below 16300 we will sell for the target of 16260 16160.
In case of any big gap up/down , we will use 10 o'clock range and trade that range breakout/breakdown. Ideal trades will be done on flat opening.
Buy-Above 16420
Sl-16370
T- 16500 16570
Sell-Below 16320
Sl-16370
T-16260 16200
NIFTY gave another follow up after the daily Doji candle. We planned to buy above 16030. Index made a perfect long confirmation candle in 15 Min and it just moved till 16418 non stop. All buy targets were achieved. This was a short covering move ahead of expiry and 5 state election results.
Coming to tomorrow's trade setup, we will buy above today's high of 16420. If we get a 15 candle close above 16400 then above 16420 we will build our long for the target of 16500 and 16570-16600. Ideal trade will be on flat opening.
For selling if we get a 15 candle close below 16330 then below 16320 or in safer side below 16300 we will sell for the target of 16260 16160.
In case of any big gap up/down , we will use 10 o'clock range and trade that range breakout/breakdown. Ideal trades will be done on flat opening.
