Omahto

NIFTY Intraday Trade Setup For 8 Mar 2022

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 8 Mar 2022

Buy-Above 15950
Sl-15900
T-16130 16200 16250

Sell-Below 15700
Sl-15750
T-15590 15500

NIFTY opened with a huge gap down today as usual. Also there was NSE server down issue which created a fuss in today's trading session. Volatility was very high.

Coming to tomorrow's trade setup we have got a good range to trade. Has space in both the sides. 15950 and 15710 is the high and low and that is what we will use to build our trade for Tomorrow.

If we get 15 min candle close above 15940 then above 15950 we will buy for the target 16130.
Do not keep big targets in buying side as trend is major trend is in downside.

For selling we today's low is tested then below 15700 we will sell for the target of 15590 and 15500.

Keep position size low and under control as volatility will create a lot of problem.

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