NIFTY Intraday Trade Setup For 02 Mar 2023
Buy-Above 17470
Sl-17420
T-17550 17630
Sell-Below 17390
Sl-17440
T-17300 17225
NIFTY has closed on a bullish sentiment with 0.85% gain today. after 9 consecutive red candle today is the first day it ended on a positive note. Last day it was mentioned that we are somewhere near a short term bottom. It has closed above PDH which has initiated the pullback move the down move. Initial Pullback will be till 17600 and then 16800. Selling will resume below 17250. Today buy triggered as per trade setup and hit 1st target (17345-17467). 10 o'clock range also broke upside above 17422 and gave 45 points with 5 points sl.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17470 then we will long for the target of 17551 and 17630.
For selling we need a 15 min candle close below 17390. T- 17300 and 17225.
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 17470
Sl-17420
T-17550 17630
Sell-Below 17390
Sl-17440
T-17300 17225
NIFTY has closed on a bullish sentiment with 0.85% gain today. after 9 consecutive red candle today is the first day it ended on a positive note. Last day it was mentioned that we are somewhere near a short term bottom. It has closed above PDH which has initiated the pullback move the down move. Initial Pullback will be till 17600 and then 16800. Selling will resume below 17250. Today buy triggered as per trade setup and hit 1st target (17345-17467). 10 o'clock range also broke upside above 17422 and gave 45 points with 5 points sl.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17470 then we will long for the target of 17551 and 17630.
For selling we need a 15 min candle close below 17390. T- 17300 and 17225.
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.
