NIFTY Intraday Trade Setup For 15 Mar 2024
Bullish-Above 22210
Invalid-Below 22160
T- 22450 22670
Bearish-Below 22080
Invalid-Above 22130
T- 21840 21600
NIFTY has closed on a bullish note with 0.68% gain today. It gave expected 50% retracement of the fall seen on 13 Mar. Now once again we can expect downside continuation. Key level is 21900 for the continuation of bearish impulse. 22080 is the last swing low so below that we will get a early/internal bearish price structure. Best trade will be in sell side. However if market trades above 22210 then we will see 22450 in intraday.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then we will long for the target of 22450 and 22670,
For selling we need a 15 Min candle close below 22080. T- 21840 and 21600.
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.
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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- 22450 22670
Bearish-Below 22080
Invalid-Above 22130
T- 21840 21600
NIFTY has closed on a bullish note with 0.68% gain today. It gave expected 50% retracement of the fall seen on 13 Mar. Now once again we can expect downside continuation. Key level is 21900 for the continuation of bearish impulse. 22080 is the last swing low so below that we will get a early/internal bearish price structure. Best trade will be in sell side. However if market trades above 22210 then we will see 22450 in intraday.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22210 then we will long for the target of 22450 and 22670,
For selling we need a 15 Min candle close below 22080. T- 21840 and 21600.
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.
