NIFTY Intraday Trade Setup For 27 Feb 2024
Bullish-Above 22210
Invalid-Below 22160
T- 22430 22650
Bearish-Below 22070
Invalid-Above 22120
T- 21860 21658
NIFTY has closed on a bearish note with 0.41% cut today. Sell triggered as per trade setup below 22180 and gave a move till 22080, but targets were not achieved. Tomorrow below 22070 we may see a good sell off and best probability trade seems in downside as per today's closing. Plotted trendline is being followed, breakout of this will lead a bullish impulsive move. 22300 is the gateways for fresh up move in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then e will long for the target of 22430 and 22650.
For selling we need a 15 Min candle close below 22070. T- 21860 and 21658.
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.
Bullish-Above 22210
Invalid-Below 22160
T- 22430 22650
Bearish-Below 22070
Invalid-Above 22120
T- 21860 21658
NIFTY has closed on a bearish note with 0.41% cut today. Sell triggered as per trade setup below 22180 and gave a move till 22080, but targets were not achieved. Tomorrow below 22070 we may see a good sell off and best probability trade seems in downside as per today's closing. Plotted trendline is being followed, breakout of this will lead a bullish impulsive move. 22300 is the gateways for fresh up move in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then e will long for the target of 22430 and 22650.
For selling we need a 15 Min candle close below 22070. T- 21860 and 21658.
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.
