NIFTY Intraday Trade Setup For 8 Sep 2022
Buy-Above 17651
Sl-17600
T-17710 17775
Sell-Below 17599
Sl-17650
T-17535 17480
NIFTY has once again closed inside the range of 17780 and 17450. It closed with a minor cut of 30 points. Toady it opened with gap down and gave a recovery and almost all the lost gains were recovered. We already planned to trade on 10 o'clock range breakout in case of any big gap up/down. 10 o'clock range broke upside above 17594 and gave a move till 17650.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17651 then we will long for the target of 17710, 17775. Above 17780 a fresh short covering move can be expected.
For selling we need a 5/15 Min candle close below 17599. Target will be 17535 and below 17530 we will head towards range low of 17480.
Below 17450 a fresh downside move is expected.
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 17651
Sl-17600
T-17710 17775
Sell-Below 17599
Sl-17650
T-17535 17480
NIFTY has once again closed inside the range of 17780 and 17450. It closed with a minor cut of 30 points. Toady it opened with gap down and gave a recovery and almost all the lost gains were recovered. We already planned to trade on 10 o'clock range breakout in case of any big gap up/down. 10 o'clock range broke upside above 17594 and gave a move till 17650.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 17651 then we will long for the target of 17710, 17775. Above 17780 a fresh short covering move can be expected.
For selling we need a 5/15 Min candle close below 17599. Target will be 17535 and below 17530 we will head towards range low of 17480.
Below 17450 a fresh downside move is expected.
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.
