NIFTY Intraday Trade Setup For 15 Mar 2022
Buy-Above 16890
Sl-16840
T-16950 17000 17065
Sell-Below 16800
Sl-16850
T-16750 16700 16650
NIFTY has closed almost 250 points up today. We planned to buy above 16670 if we get a 15 min candle close above that. As soon as prices closed above that index become trending and shot till 16887. It gave almost 200 points profit. This was the single trade.
Coming to tomorrow's trade setup, index has closed above the hourly resistance - 16800. target are open till 17000+ as we discussed on weekend. So, we will buy above today's high - 16890 after a flat opening. 15 Min candle close will be important. target will be 17000 and 17060.
Incase index fails to sustains above the resistance - 16800 then this will be false breakout and index will again slide lower till 16600 16400. So, short below 16800 for the target of 16700 ,16650 and 16600.
In case of any big gap up/down, wait till 10 o'clock range and trade that range breakout/breakdown.
Buy-Above 16890
Sl-16840
T-16950 17000 17065
Sell-Below 16800
Sl-16850
T-16750 16700 16650
NIFTY has closed almost 250 points up today. We planned to buy above 16670 if we get a 15 min candle close above that. As soon as prices closed above that index become trending and shot till 16887. It gave almost 200 points profit. This was the single trade.
Coming to tomorrow's trade setup, index has closed above the hourly resistance - 16800. target are open till 17000+ as we discussed on weekend. So, we will buy above today's high - 16890 after a flat opening. 15 Min candle close will be important. target will be 17000 and 17060.
Incase index fails to sustains above the resistance - 16800 then this will be false breakout and index will again slide lower till 16600 16400. So, short below 16800 for the target of 16700 ,16650 and 16600.
In case of any big gap up/down, wait till 10 o'clock range and trade that range breakout/breakdown.
