NIFTY Intraday Trade Setup For 04 Feb 2022
Buy-None
Sell-Below 17490
Sl-17540
T-17410 17310
We discussed that NIFTY is at 0.618 level in the hourly TF. Index fell from the golden FIB level. Index was week since opening. No intraday bounce was seen. We planned to short below 17725, it fell till 17520 non-stop. It was a good trending day.
Coming to tomorrow's trade setup, we will once again sell below today's low, if opens flat. idex can fall till 17400 below 17500.
Buying can be avoided here. We will plan for buying above 17800 only. Also momentum is in downside.
Incase of a big gap up or gap down we will wait till 10 o'clock and trade that range.
Buy-None
Sell-Below 17490
Sl-17540
T-17410 17310
We discussed that NIFTY is at 0.618 level in the hourly TF. Index fell from the golden FIB level. Index was week since opening. No intraday bounce was seen. We planned to short below 17725, it fell till 17520 non-stop. It was a good trending day.
Coming to tomorrow's trade setup, we will once again sell below today's low, if opens flat. idex can fall till 17400 below 17500.
Buying can be avoided here. We will plan for buying above 17800 only. Also momentum is in downside.
Incase of a big gap up or gap down we will wait till 10 o'clock and trade that range.
