NIFTY Intraday Trade Setup For 17 Jan 2024
NIFTY Intraday Trade Setup For 17 Jan 2024
Bullish-Above 23450
Invalid-Below 23400
T- 23600+
Bearish-Below 23270
Invalid-Above 23320
T- 23080
NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening.
Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600.
For selling we need a 15 Min candle close below 23270. T- 23080.
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 23450
Invalid-Below 23400
T- 23600+
Bearish-Below 23270
Invalid-Above 23320
T- 23080
NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening.
Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600.
For selling we need a 15 Min candle close below 23270. T- 23080.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.