NIFTY Intraday Trade Setup For 3 Aug 2022
Buy-Above 17390
Sl-17330
T-17470 17555
Sell-Below 17215
Sl-17270
T-17155 17075
NIFTY has closed absolutely flat today. It was a volatile session where it was in an overall range but volatile. Last day we planned to sell below 17250, it gave 30 points downside move and then hit our sl. The candle closing is hint to pause in current uptrend. However above today's high the trend will continue.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17390, then we will long for the target of 17470, 17555.
If a 15 Min candle closes below 17215 we will short for the target of 17150-55. Below that we will head towards 17075 and 17020
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 17390
Sl-17330
T-17470 17555
Sell-Below 17215
Sl-17270
T-17155 17075
NIFTY has closed absolutely flat today. It was a volatile session where it was in an overall range but volatile. Last day we planned to sell below 17250, it gave 30 points downside move and then hit our sl. The candle closing is hint to pause in current uptrend. However above today's high the trend will continue.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 17390, then we will long for the target of 17470, 17555.
If a 15 Min candle closes below 17215 we will short for the target of 17150-55. Below that we will head towards 17075 and 17020
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.
