NIFTY Intraday Trade Setup For 9 Mar 2023
Buy-Above 17800
Sl-17750
T-17925 18045
Sell-Below 17690
Sl-17740
T-17600 17490
NIFTY has closed on a bullish sentiment with 0.24% gain. It has closed near day high. Above today's high bullish momentum will continue, only hurdle is 17800. Today it opened gap down and below our sell level. 10 o'clock range broke upside above 17713 and gave more than 50 points gain with good momentum. Today's low - 17600 is important as that is the hourly low below which a reversal will be seen. Above 17800 if sustained it will head higher.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17800 then we will long for the target of 17925 and 18045.
For selling we need a 15 Min candle close below 17690. T- 17600 and 17490.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 17800
Sl-17750
T-17925 18045
Sell-Below 17690
Sl-17740
T-17600 17490
NIFTY has closed on a bullish sentiment with 0.24% gain. It has closed near day high. Above today's high bullish momentum will continue, only hurdle is 17800. Today it opened gap down and below our sell level. 10 o'clock range broke upside above 17713 and gave more than 50 points gain with good momentum. Today's low - 17600 is important as that is the hourly low below which a reversal will be seen. Above 17800 if sustained it will head higher.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17800 then we will long for the target of 17925 and 18045.
For selling we need a 15 Min candle close below 17690. T- 17600 and 17490.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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