NIFTY Intraday Trade Setup For 15 Feb 2023
Buy-Above 17955
Sl-17905
T- 18025 18115
Sell-Below 17895
Sl-17945
T-17837 17700
NIFTY has closed on a bullish sentiment with 0.89% gain. Today it opened slight gap up, buy triggered @17805 and made a high of 17950+. Trade hit all buy targets and gave 150 points (1:3). As it gaped up 10 o'clock range also broke upside above 17860 and with 30 points sl it gave more than 90 points gain (1:3). It has closed near day high which is a bullish sign this bullishness may continue above today's high. Below 17700 index will give a downside move in hourly TF. Chances of a big gap up/down is high due to CPI data outcome in US.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17955 then we will long for the target of 18025, post rejection if it sustains then it will test 18115.
For selling we need a 15 min candle close below 17895. T- 17837, post bounce if it slides then it may test 17770 also.
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 17955
Sl-17905
T- 18025 18115
Sell-Below 17895
Sl-17945
T-17837 17700
NIFTY has closed on a bullish sentiment with 0.89% gain. Today it opened slight gap up, buy triggered @17805 and made a high of 17950+. Trade hit all buy targets and gave 150 points (1:3). As it gaped up 10 o'clock range also broke upside above 17860 and with 30 points sl it gave more than 90 points gain (1:3). It has closed near day high which is a bullish sign this bullishness may continue above today's high. Below 17700 index will give a downside move in hourly TF. Chances of a big gap up/down is high due to CPI data outcome in US.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17955 then we will long for the target of 18025, post rejection if it sustains then it will test 18115.
For selling we need a 15 min candle close below 17895. T- 17837, post bounce if it slides then it may test 17770 also.
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.
