NIFTY Intraday Trade Setup For 14 Feb 2022
Buy-Above 17400
Sl-17350
T-17450 17550
Sell-Below 17300
Sl-17350
T-17250 17120
NIFTY is trading is broader range in the hourly TF. 17000 and 17800 is the hourly range. Till this range is shifted we will see moves like this only. One day up, next day down. As Index is sideways in weekly, daily and hourly TF.
Friday's trading range will be used to setup our trade. Friday's high is 17455 and low is 17303.
This 150 points range breakout or breakdown will give a directional move either side.
We can plan a aggressive buy trade above 17400 only. However above 17460 we will get max profit. If a 5 Min candle closes above 17400 then above that candle high we will buy. If 17460 is sustained then will add more qty and we will target the gap area near 17600.
We will sell below 17300. As index has made a base there. Fast move will come only below 17250. Target will be 17120.
Room is available both the side. Range is 17460 and 17300. Trendy will be seen on the breakout or breakdown of this range.
Incase of a big gap up or gap down. Wait till 10 o'clock and trade that range.
Buy-Above 17400
Sl-17350
T-17450 17550
Sell-Below 17300
Sl-17350
T-17250 17120
NIFTY is trading is broader range in the hourly TF. 17000 and 17800 is the hourly range. Till this range is shifted we will see moves like this only. One day up, next day down. As Index is sideways in weekly, daily and hourly TF.
Friday's trading range will be used to setup our trade. Friday's high is 17455 and low is 17303.
This 150 points range breakout or breakdown will give a directional move either side.
We can plan a aggressive buy trade above 17400 only. However above 17460 we will get max profit. If a 5 Min candle closes above 17400 then above that candle high we will buy. If 17460 is sustained then will add more qty and we will target the gap area near 17600.
We will sell below 17300. As index has made a base there. Fast move will come only below 17250. Target will be 17120.
Room is available both the side. Range is 17460 and 17300. Trendy will be seen on the breakout or breakdown of this range.
Incase of a big gap up or gap down. Wait till 10 o'clock and trade that range.
