NIFTY Intraday Trade Setup For 8 Mar 2023
NIFTY Intraday Trade Setup For 8 Mar 2023
Buy-Above 17800
Sl-17750
T-17880 17960
Sell-Below 17670
Sl-17720
T-17585 17495
NIFTY has closed with positive gains of 0.67% last day. It was updated on 2 Mar trade setup that we have initiated the pullback move of the whole down move which lasted for 8 days. It was clearly told that we will test 17800 in this pullback which was finally hit on Monday. And after hitting as expected it acted as resistance and fell almost 100 points from there. Now 17800 is the gateway for the next up move. It will best suited if we get a small pullback before breaking 17800. On Monday it has formed a shooting star so below its low we can expect some fall.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17800 then we will long for the target of 17880 and 17960.
For selling we need a 15 Min candle close below 17670. T- 17585 and 17495.
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 17800
Sl-17750
T-17880 17960
Sell-Below 17670
Sl-17720
T-17585 17495
NIFTY has closed with positive gains of 0.67% last day. It was updated on 2 Mar trade setup that we have initiated the pullback move of the whole down move which lasted for 8 days. It was clearly told that we will test 17800 in this pullback which was finally hit on Monday. And after hitting as expected it acted as resistance and fell almost 100 points from there. Now 17800 is the gateway for the next up move. It will best suited if we get a small pullback before breaking 17800. On Monday it has formed a shooting star so below its low we can expect some fall.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 17800 then we will long for the target of 17880 and 17960.
For selling we need a 15 Min candle close below 17670. T- 17585 and 17495.
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.
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