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Niftytradeplan

NIFTY Intraday Trade Setup For 02 Feb 2022NIFTY Intraday Trade Setup For 02 Feb 2022 Buy-Above 17625 Sl-17575 T-17757 17855 Sell-Below 17500 Sl-17550 T-17400 17250 NIFTY has formed a strong bullish candle in the daily TF. NIFTY was strong in the morning session. Our 1st target was 17600. It was tested and market fell sharply from there in the 2nd trading session. We planned for the budget range breakout trade. Range was formed of 170 points. The lower range was broken after budget was presented. It fell more than 200 points after range breakdown. However bulls came near 17250 levels and and V shape recovery was seen. Bulls closed near day high. Kind of inverse head & shoulder is formed. Market looks strong and this bullishness will continue above budget day's high-17225. 17770-17800 will be our target. Selling can be avoided. However we will plane our sell below 17500 for 17400 and 17300. Best trade is in buy side.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 24 Jan 2022NIFTY Intraday Trade Setup For 24 Jan 2022 Buy-Above 17710 Sl-17670 T-17820 17900 Sell-Below 17480 Sl-17530 T-17365 17250 NIFTY has formed a doji candle on Friday. The trade setup is based on the high and low of the candle. If we get a closing above 17700 in 15 min TF then we will initiate a buy trade. For selling we nee to wait till 17500 breakdown. In between Friday's low and high we will not initiate any trade. Market can move either side, so let price tell us. Wait for levels to trigger. Maintain a neutral view Nifty is weaker than Banknifty. So if we get a buying opportunity then I would prefer to buy BANKNIFTY.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 21 Dec 2021NIFTY Intraday Trade Setup For 21 Dec 2021 Buy- None 1)Sell-16800-15 Sl-16840 T-16700 16600 2)Below 16400 Sl-16440 T-16250 NIFTY has broke an important support 16800 in the daily TF. Targets have opened for for 16000. Index is short on every rise. If you seen any pullback then simply wait for breakdown and short with previous swing as sl in intraday. There are two sell levels one if we see gap up opening around 16800 or price comes to this zone we will short as sl is very small here and reward is too good. Avoid buying.
NSE:NIFTY
by Omahto
Nifty Trade Plan for 26 OCT 2021Nifty looks bullish with a Narrow CPR and managed to close above the CPR and 18100 levels. In case if Nifty opens flat to small gap up, any pull back to CPR and holds good we can go long with SL below Bullish reversal and sit for first target of 18200 and then if that is taken out we expect 18275. In case of Bullish Breakout 18275 taken out we can expect 18450 levels to be tested. I would prefer to short only if Bearish Breakout of 17975 forms a good resistance confirmation.
NSE:NIFTY
by RaviChandran_Rajkumar