NIFTY Intraday Trade Setup For 22 Mar 2023

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 22 Mar 2023

Buy-Above 17130
Sl- 17080
T- 17215 17300+

Sell-Below 17065
T- 16985 16905

NIFTY has closed on a bullish sentiment with 0.7% gain today. Today it opened with a gap up and buy triggered and hit our 1st target. 10 o'clock range also broke upside above 17087 and gave almost 40 points. In the weekend it was said that we are likely to make a bottom and before the up move we will give a pullback first. Same thing happened, on Monday we gave a pullback and after that we have started the up move and this leg can touch 17600 in the coming days.

Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17215 and 17300.

For selling we need a 15 Min candle close below 17065. T- 16985 and 16905.

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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