NIFTY Intraday Trade Setup For 03 Feb 2022
NIFTY Intraday Trade Setup For 03 Feb 2022
Buy-Above 17800
Sl-17770
T-17855 17900 17950
Sell-Below 17725
Sl-17740
T-17670 17600
NIFTY has closed just at 0.618 level in the hourly TF. If index sustains above this level then 18000 will be tested. Today both indices NIFTY And Banknifty were momentum less. However both moved to higher levels.
We need a 5 min candle close above today's high to initiate a buy trade. The ideal trade will be on flat opening. Big gap up will once again be momentum less and will create volatility.
For selling if we get a range above 17750 and if that range will be broke downwards then we will sell below 17200 for the target of 17670 and 17600.
Index is at a place where it can give move any side. We have our levels with us to go with. Also tomorrow is weekly expiry so volatility will be there.
Buy-Above 17800
Sl-17770
T-17855 17900 17950
Sell-Below 17725
Sl-17740
T-17670 17600
NIFTY has closed just at 0.618 level in the hourly TF. If index sustains above this level then 18000 will be tested. Today both indices NIFTY And Banknifty were momentum less. However both moved to higher levels.
We need a 5 min candle close above today's high to initiate a buy trade. The ideal trade will be on flat opening. Big gap up will once again be momentum less and will create volatility.
For selling if we get a range above 17750 and if that range will be broke downwards then we will sell below 17200 for the target of 17670 and 17600.
Index is at a place where it can give move any side. We have our levels with us to go with. Also tomorrow is weekly expiry so volatility will be there.
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