NIFTY Intraday Trade Setup For 13 Mar 2023
Buy-Above 17455
Sl-17405
T- 17525 17600
Sell-Below 17365
Sl-17415
T- 17240 17147
NIFTY has closed on a bearish sentiment with 1% cut last week. On Mar 1 when NIFTY was @17450 it was updated that we are ready to give a pullback of the whole down move (starting from 18134) and that that pullback can come till 17800. It gave perfect and dot level pullback and once again fell sharply from 17800. Now below current week's low -17320 we will continue the down move. This leg can extend till 16690. Once again sentiment halt will be seen when we will close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17455 then we will long for the target of 17525 and 17600.
For selling we need a 15 Min candle close 17365. Fast momentum will come below 17320. T- 17240 and 17147.
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 17455
Sl-17405
T- 17525 17600
Sell-Below 17365
Sl-17415
T- 17240 17147
NIFTY has closed on a bearish sentiment with 1% cut last week. On Mar 1 when NIFTY was @17450 it was updated that we are ready to give a pullback of the whole down move (starting from 18134) and that that pullback can come till 17800. It gave perfect and dot level pullback and once again fell sharply from 17800. Now below current week's low -17320 we will continue the down move. This leg can extend till 16690. Once again sentiment halt will be seen when we will close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17455 then we will long for the target of 17525 and 17600.
For selling we need a 15 Min candle close 17365. Fast momentum will come below 17320. T- 17240 and 17147.
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.
