NIFTY Intraday trade Setup For 07 Jan 2022
Buy-Above 17800
Sl-17750
T-17865 17900 17950
Sell-Below 17590
Sl-17640
T-17490
NIFTY Opened with a big gap down today. Took exact resistance from our sell level 17800 and fell almost 140 points from there. We discussed that the 1st 5 min candle will be important to watch if opens big gap up or gap down. Later in the noon index formed a double bottom base and inched towards 17800 level. This move was also captured and was well shared with you all.
Coming to tomorrow's trade we will buy above 17800 only if 5 Min candle closes above it. target will be gap filling.
For selling we will wait for the breakdown of 17600 in 15 min TF.
High probability trade is in buy side. It is good that index is making a range below 18000.
Buy-Above 17800
Sl-17750
T-17865 17900 17950
Sell-Below 17590
Sl-17640
T-17490
NIFTY Opened with a big gap down today. Took exact resistance from our sell level 17800 and fell almost 140 points from there. We discussed that the 1st 5 min candle will be important to watch if opens big gap up or gap down. Later in the noon index formed a double bottom base and inched towards 17800 level. This move was also captured and was well shared with you all.
Coming to tomorrow's trade we will buy above 17800 only if 5 Min candle closes above it. target will be gap filling.
For selling we will wait for the breakdown of 17600 in 15 min TF.
High probability trade is in buy side. It is good that index is making a range below 18000.
