NIFTY Intraday Trade Setup For 15 Feb 2022
Buy-None
Sell-Below 16800
Sl-16850
T-16675 16575
NIFTY has fallen 500 points today. However half the fall came with a big gap down opening. On Friday we planned to short NIFTY below 17300. But that was invalid as it opened with big gap down. As index opened with a big gap down, we planned to wait till 10 o'clock range and trade that range breakout. It broke the lower range at 2:20 and fell from 16920 till 16810.
Now coming to tomorrow's trade setup. We will ignore buying as per the current chart setups. We will buy only above 17100. below that we will find short opportunity. Best and ideal trade will be if index opens flat and crosses today low 16800, we will sell for the target of 16775.
In case of a big gap up or gap down. We have to wait till 10'o clock and trade that range breakout or breakdown.
Ideal trade will be in sell side.
Buy-None
Sell-Below 16800
Sl-16850
T-16675 16575
NIFTY has fallen 500 points today. However half the fall came with a big gap down opening. On Friday we planned to short NIFTY below 17300. But that was invalid as it opened with big gap down. As index opened with a big gap down, we planned to wait till 10 o'clock range and trade that range breakout. It broke the lower range at 2:20 and fell from 16920 till 16810.
Now coming to tomorrow's trade setup. We will ignore buying as per the current chart setups. We will buy only above 17100. below that we will find short opportunity. Best and ideal trade will be if index opens flat and crosses today low 16800, we will sell for the target of 16775.
In case of a big gap up or gap down. We have to wait till 10'o clock and trade that range breakout or breakdown.
Ideal trade will be in sell side.
