NIFTY Intraday Trade Setup For 2 Feb 2023
Buy-Above 17680
Sl-17630
T- 17825 17970
Sell-Below 17350
Sl-17400
T-17165 17000
NIFTY has closed on almost flat note with just 45 points cut. Today's range is extremely big, more than 600 points. Its an obvious wild day due to Union Budget. It was positive till noon. Exactly at 1 PM it made a top and fell sharply and ended in red. BTW despite volatility trade setup last day trade setup acted as a strong plan. Since this range is too big I will personally avoid trading tomorrow and probably this week. Let this volatility settle as moves and swing are wild and big.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17680 then we will long for the target of 17825 and 17970-18000.
For selling we need a 15 Min candle close below 17350. T- 17165 and 17000.
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 17680
Sl-17630
T- 17825 17970
Sell-Below 17350
Sl-17400
T-17165 17000
NIFTY has closed on almost flat note with just 45 points cut. Today's range is extremely big, more than 600 points. Its an obvious wild day due to Union Budget. It was positive till noon. Exactly at 1 PM it made a top and fell sharply and ended in red. BTW despite volatility trade setup last day trade setup acted as a strong plan. Since this range is too big I will personally avoid trading tomorrow and probably this week. Let this volatility settle as moves and swing are wild and big.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17680 then we will long for the target of 17825 and 17970-18000.
For selling we need a 15 Min candle close below 17350. T- 17165 and 17000.
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.
