NIFTY Intraday Trade Setup For 18 Feb 2022
Buy-Above 17500
Sl-17450
T-17580 17640
Sell-Below 17230
Sl-17270
T-17150 17080
NIFTY is trading in a broader range since last 2 days. That is why we discussed to sell the range for this expiry. Directional move will be seen on this range breakout/breakdown.
Below 17230 we will short for the target of 17150 and 17080. 17080-17100 will act as support. So consider booking profits there.
For buying we have to wait till 17500 is breached in the higher side. Above 17500 we will see a move directional move of 200-250 points upside.
Same in the case of breakdown, It will give can give a directional move of around 200 points.
In case of a big gap up or gap down, we have to wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 17500
Sl-17450
T-17580 17640
Sell-Below 17230
Sl-17270
T-17150 17080
NIFTY is trading in a broader range since last 2 days. That is why we discussed to sell the range for this expiry. Directional move will be seen on this range breakout/breakdown.
Below 17230 we will short for the target of 17150 and 17080. 17080-17100 will act as support. So consider booking profits there.
For buying we have to wait till 17500 is breached in the higher side. Above 17500 we will see a move directional move of 200-250 points upside.
Same in the case of breakdown, It will give can give a directional move of around 200 points.
In case of a big gap up or gap down, we have to wait till 10 o'clock and trade that range breakout/breakdown.
