NIFTY Intraday Trade Setup For 9 Jun 2022
Sell_1- From 16450
Sl-16500
T-16370 16300
Sell_2-Below 16330
Sl-16380
T-16270 16200 16160
NIFTY has closed on a negative note after showing all kinds of move triggered by RBI event. It was just too volatile. Only one trade was valid sell from resistance which was shared- 16520. Tomorrow is weekly expiry , chances of an inside candle is high if today's low is not breached in the 1st 45 Min.
Coming to tomorrow's trade setup, if 16450 is tested in the 1st 45 Min, we will sell for the target 16370 and 16300.
Second sell position will be created if a 15 Min candle closes below 16330. Then sell for the target of 16265. Below 16250 index will head towards 16200 and 16160. This will be best on a flat opening.
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.
Intraday Resistance- 16450-70
Intraday Support- 16300
Hourly Resistance- 16600
Hourly Support-16000
Sell_1- From 16450
Sl-16500
T-16370 16300
Sell_2-Below 16330
Sl-16380
T-16270 16200 16160
NIFTY has closed on a negative note after showing all kinds of move triggered by RBI event. It was just too volatile. Only one trade was valid sell from resistance which was shared- 16520. Tomorrow is weekly expiry , chances of an inside candle is high if today's low is not breached in the 1st 45 Min.
Coming to tomorrow's trade setup, if 16450 is tested in the 1st 45 Min, we will sell for the target 16370 and 16300.
Second sell position will be created if a 15 Min candle closes below 16330. Then sell for the target of 16265. Below 16250 index will head towards 16200 and 16160. This will be best on a flat opening.
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.
Intraday Resistance- 16450-70
Intraday Support- 16300
Hourly Resistance- 16600
Hourly Support-16000
