NIFTY Intraday Trade Setup For 23 Feb 2024

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 23 Feb 2024

Bullish-Above 22260
Invalid-Below 22210
T- 22465 22630

Buy_2- From 22030
Invalid-Below 21980
T- 22200+

NIFTY has closed on a bullish note with 0.74% gain Today. Since last 2 days index is moving wild and intraday trend is really uncertain these days. Today sell triggered as per trade setup below 21990 and gave a move till 21880, almost 90 points. Seeing today's strong bullish sentiment tomorrow we will be in buy mode from both points, on breakout and even in case of pullback. In case there is pullback towards 22030 we will buy from there. Pullback trading will be ideal before breakout here.

Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22260 then we will long for the target of 22465 and 22630.

2nd buy can be considered from 22030. T- 22200+.

In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.

I am Not SEBI Registered

This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.


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