NIFTY Intraday Trade Setup For 01 Mar 2023
NIFTY Intraday Trade Setup For 01 Mar 2023
Buy-Above 17345
Sl-17295
T- 17440 17530
Sell-Below 17255
Sl-17305
T- 17147 17070
NIFTY has closed once again on a bearish sentiment with 0.51% cut. Till now it has not tested PDH since last 9 trading sessions. Today it opened opened and buy triggered which hit sl. Later 10 o'clock range broke downside below 17367 and made a low of 17256. It has been updated that our TSL for this current down move is PDH. Also a sentimental halt will be seen when we will close above PDH. Also seeing the stretch in market it seems that we are near somewhere a short term bottom , near 17150 which is also a PRZ area which has been discussed months back.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17345 then we will long for the target of 17440 and 17530.
For selling we need a 15 Min candle close below 17255. T- 17147 and 17070. Ext T- 16990.
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 17345
Sl-17295
T- 17440 17530
Sell-Below 17255
Sl-17305
T- 17147 17070
NIFTY has closed once again on a bearish sentiment with 0.51% cut. Till now it has not tested PDH since last 9 trading sessions. Today it opened opened and buy triggered which hit sl. Later 10 o'clock range broke downside below 17367 and made a low of 17256. It has been updated that our TSL for this current down move is PDH. Also a sentimental halt will be seen when we will close above PDH. Also seeing the stretch in market it seems that we are near somewhere a short term bottom , near 17150 which is also a PRZ area which has been discussed months back.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17345 then we will long for the target of 17440 and 17530.
For selling we need a 15 Min candle close below 17255. T- 17147 and 17070. Ext T- 16990.
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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