NIFTY Intraday Trade Setup For 27 Jan 2022
Buy-Above 17310
Sl-17270
T-17410 17500
Sell-Below 17000
Sl-17040
T-17875 16700
NIFTY has given a sharp recovery on Tuesday's trading session. After giving a quick downside move below our sell level it dived about 150 points in just 5 min. Then we saw buyers coming into picture and made a super bullish candle -Hammer. And as soon as the high broke we made money in long also. Above 17025 index gave 200 points profit. Then in the second half our buy level was triggered and gave another 120 points profit.
Coming to Expiry's trade setup, We will focus on buying and will find buying opportunity more than selling. Index has made a support zone of 17000-16975. So firstly we will buy above 17300 if we get a 5 min candle close above this.
For selling if index closes below 17180 in 5 Min TF then a small short trade can be done 100 points.
Aggressive selling will be planned below 17000.If if get a closing below 16975 in 15 Min TF then we will sell aggressively. Index can show a sharp fall.
Buy-Above 17310
Sl-17270
T-17410 17500
Sell-Below 17000
Sl-17040
T-17875 16700
NIFTY has given a sharp recovery on Tuesday's trading session. After giving a quick downside move below our sell level it dived about 150 points in just 5 min. Then we saw buyers coming into picture and made a super bullish candle -Hammer. And as soon as the high broke we made money in long also. Above 17025 index gave 200 points profit. Then in the second half our buy level was triggered and gave another 120 points profit.
Coming to Expiry's trade setup, We will focus on buying and will find buying opportunity more than selling. Index has made a support zone of 17000-16975. So firstly we will buy above 17300 if we get a 5 min candle close above this.
For selling if index closes below 17180 in 5 Min TF then a small short trade can be done 100 points.
Aggressive selling will be planned below 17000.If if get a closing below 16975 in 15 Min TF then we will sell aggressively. Index can show a sharp fall.
