Simple Trade Setup | NIFTY | 15-02-2022 [INTRADAY]

14 בפבר׳ 2022

NIFTY


Observations:

1) On 1day time frame, it is near 200DMA now.
200DMA is major support and placed at 16798.73 level range.

Also range of 16700-16770 is a last major support range

Please refer below chart : 1day Time Frame.


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Trade Setup for 15-02-2022

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.

14 בפבר׳ 2022

הערה

Watching SGX nifty above 17000, I have updated some of above levels for reference.
Please refer below Image.

14 בפבר׳ 2022

הערה