NIFTY Intraday Trade Setup For 14 Mar 2022
Buy-Above 16700
Sl-16650
T-16800 16900 17000
Sell-Below 16550
Sl-16600
T-16460 16350 16250
NIFTY has made a an inside candle on Friday. It was a complete sideways market on the last trading session. FIIs and DIIs have subsided their activity since last 3 trading session. Since last 2 days, intraday range is untouched. Move will come above 16760 or below 16450.
Coming to Monday's trade setup, we are having a tight range of 16700 and 16550. But this a aggressive range breakout we are going to play. Safe traders should wait till 16760 and 16450 is broken.
So, if we get a 15 Min candle closes above 16670 then above that candle's high we will buy for the target of 16760 and 16800. Book Max near the hourly trendline plotted in pink. Above 16800 we will get another move till 17000 in coming days.
For selling if we get a 15 candle close below 16550 then we will build our short position for the target of 16450. Below 16450 we will get another move till 16300.
In case of any big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 16700
Sl-16650
T-16800 16900 17000
Sell-Below 16550
Sl-16600
T-16460 16350 16250
NIFTY has made a an inside candle on Friday. It was a complete sideways market on the last trading session. FIIs and DIIs have subsided their activity since last 3 trading session. Since last 2 days, intraday range is untouched. Move will come above 16760 or below 16450.
Coming to Monday's trade setup, we are having a tight range of 16700 and 16550. But this a aggressive range breakout we are going to play. Safe traders should wait till 16760 and 16450 is broken.
So, if we get a 15 Min candle closes above 16670 then above that candle's high we will buy for the target of 16760 and 16800. Book Max near the hourly trendline plotted in pink. Above 16800 we will get another move till 17000 in coming days.
For selling if we get a 15 candle close below 16550 then we will build our short position for the target of 16450. Below 16450 we will get another move till 16300.
In case of any big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
