NIFTY Intraday Trade Setup For 7 Sep 2022
Buy-Above 17717
Sl-17667
T- 17775 17825 17880
Sell-Below 17587
Sl-17637
T-17520 17470
NIFTY has closed once again flat and formed an neutral/indecision candle. Index is still in tight range in daily and hourly both. Last day we planned to buy above 17685. It opened with a small gap up and tested our 1st target in the 1st 5 Min. We already planned that we will trade on 10 o'clock range breakout in case of gap up/down. 10 o'clock range broke downside below 17655 and gave more than 65 points which was 1:2.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17716 then we will long for the target 17775, 17825 and 17780.
For selling we need a 5/15 Min candle closes 17587 then we will short for the target of 17520 and 17470.
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 17717
Sl-17667
T- 17775 17825 17880
Sell-Below 17587
Sl-17637
T-17520 17470
NIFTY has closed once again flat and formed an neutral/indecision candle. Index is still in tight range in daily and hourly both. Last day we planned to buy above 17685. It opened with a small gap up and tested our 1st target in the 1st 5 Min. We already planned that we will trade on 10 o'clock range breakout in case of gap up/down. 10 o'clock range broke downside below 17655 and gave more than 65 points which was 1:2.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 17716 then we will long for the target 17775, 17825 and 17780.
For selling we need a 5/15 Min candle closes 17587 then we will short for the target of 17520 and 17470.
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.
