NIFTY Intraday Trade Setup For 02 Mar 2022
NIFTY Intraday Trade Setup For 02 Mar 2022
Buy-Above 16820
Sl-16770
T-16900 17050
Sell-Below 16640
Sl-16700
T-16500 16450
NIFTY opened with a big gap down today. Then the 10 o'clock range broke upside and it just became trending. Gap up/down is common in this kind of global situation(Russia).
16800 was the hourly support earlier then it broke with huge gap down opening. Ideally this is the place to go short with confirmations. But one problem is that the breakdown of 16800 came through gap down. So it can fill the gap.
We will buy above today's high 16820, targeting the gap area of 17030 levels. Final target will be 17100. This is the PRZ area and the hourly trendline is also placed somewhere there.
For selling we need to wait till 16640. Below this we will sell for the target of 16500. One aggressive sell trade can be done below 16740 also.
We will once again wait for 10 o'clock range in case of a big gap up/down. Intraday trade setup will be used in this situation.
Buy-Above 16820
Sl-16770
T-16900 17050
Sell-Below 16640
Sl-16700
T-16500 16450
NIFTY opened with a big gap down today. Then the 10 o'clock range broke upside and it just became trending. Gap up/down is common in this kind of global situation(Russia).
16800 was the hourly support earlier then it broke with huge gap down opening. Ideally this is the place to go short with confirmations. But one problem is that the breakdown of 16800 came through gap down. So it can fill the gap.
We will buy above today's high 16820, targeting the gap area of 17030 levels. Final target will be 17100. This is the PRZ area and the hourly trendline is also placed somewhere there.
For selling we need to wait till 16640. Below this we will sell for the target of 16500. One aggressive sell trade can be done below 16740 also.
We will once again wait for 10 o'clock range in case of a big gap up/down. Intraday trade setup will be used in this situation.
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