NIFTY Intraday Trade Setup For 10 Feb 2022
Buy-Above 17480
Sl-17450
T-17530 17570
Sell- Below 17430
Sl-17460
T-17380 17340 17300
NIFTY has just consolidated in today's trading session. No major move was seen. This momentum drop was expected after a decent gap up. Our plan was to buy above the dragonfly 's high. But index opened with a big gap up. However index moved from 17340 to 17477.
Coming to tomorrow's trade setup 1st of all we will buy above 17480 for the target of 40-50 points. As there are multiple resistance at higher levels. So, we will plan for small targets.
For selling if index opens flat and consolidates between 17475 and 17440. Then if crosses the lower range we will sell below 17430. This is aggressive trade. We will see good downside move below 17350 only. If a 15 min candle closes below 17370. Then we will target the gap area near 17300.
If index opens with big gap up or gap down. We will simply wait till 10 o'clock and then trade that range. Tomorrow is expiry so trade carefully. Trendy moves will be seen after 12:30.
Buy-Above 17480
Sl-17450
T-17530 17570
Sell- Below 17430
Sl-17460
T-17380 17340 17300
NIFTY has just consolidated in today's trading session. No major move was seen. This momentum drop was expected after a decent gap up. Our plan was to buy above the dragonfly 's high. But index opened with a big gap up. However index moved from 17340 to 17477.
Coming to tomorrow's trade setup 1st of all we will buy above 17480 for the target of 40-50 points. As there are multiple resistance at higher levels. So, we will plan for small targets.
For selling if index opens flat and consolidates between 17475 and 17440. Then if crosses the lower range we will sell below 17430. This is aggressive trade. We will see good downside move below 17350 only. If a 15 min candle closes below 17370. Then we will target the gap area near 17300.
If index opens with big gap up or gap down. We will simply wait till 10 o'clock and then trade that range. Tomorrow is expiry so trade carefully. Trendy moves will be seen after 12:30.
