NIFTY Intraday Trade Setup For 08 Aug 2022
Buy-Above 17500
Sl-17450
T-17580 17650
Sell-Below 17345
Sl-17400
T-17280 17215
NIFTY has closed flat on Friday and has formed an inside candle in daily TF. Next momentum will be seen above mother candle's high( 17500) and low(17150). Important resistance as of now is 17500 and 17200 being the support. If price sustains above and below these levels we can expect a directional move either side.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17500 we will long for the target of 17580 and 17650.
We will short below 17345 if a 15 Min candle closes below. Targets will be 17280 and 17215.Below 17200 we will hit 17150.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 17500
Sl-17450
T-17580 17650
Sell-Below 17345
Sl-17400
T-17280 17215
NIFTY has closed flat on Friday and has formed an inside candle in daily TF. Next momentum will be seen above mother candle's high( 17500) and low(17150). Important resistance as of now is 17500 and 17200 being the support. If price sustains above and below these levels we can expect a directional move either side.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17500 we will long for the target of 17580 and 17650.
We will short below 17345 if a 15 Min candle closes below. Targets will be 17280 and 17215.Below 17200 we will hit 17150.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
