NIFTY Intraday Trade Setup For 21 Mar 2022
Buy-Above 17350
Sl-17300
T-17430 17490
Sell-Below 17250
Sl-17300
T-17180 17070 17000
NIFTY closed 300+ points in green. Majority of the gain came from gap up. After breaking 16800 index has turned its short term trend into uptrend. It is one of the fastest reversal , a V-shaped recovery. Also all global indices closed in green , so we are likely to open with a decent gap up. SGXNIFTY has closed near 17500.
Trade plan for Monday on flat opening will be , if crosses Friday's high - 17350 then we will initiate our long position for the target of 17430 17490.
For selling if we need a 15 Min candle close below 17250 then we will short for the target of 17180, 17070 and 17000. Below 17170 it will touch 17000 and fill the gap.
If we open with a big gap up, then below the 1st 5 Min candle we will sell, this is an aggressive trade. Safe traders should enter below 15 Min candle low. If the 1st candle will be a doji or a negative candle the that would be more reliable.
Or wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 17350
Sl-17300
T-17430 17490
Sell-Below 17250
Sl-17300
T-17180 17070 17000
NIFTY closed 300+ points in green. Majority of the gain came from gap up. After breaking 16800 index has turned its short term trend into uptrend. It is one of the fastest reversal , a V-shaped recovery. Also all global indices closed in green , so we are likely to open with a decent gap up. SGXNIFTY has closed near 17500.
Trade plan for Monday on flat opening will be , if crosses Friday's high - 17350 then we will initiate our long position for the target of 17430 17490.
For selling if we need a 15 Min candle close below 17250 then we will short for the target of 17180, 17070 and 17000. Below 17170 it will touch 17000 and fill the gap.
If we open with a big gap up, then below the 1st 5 Min candle we will sell, this is an aggressive trade. Safe traders should enter below 15 Min candle low. If the 1st candle will be a doji or a negative candle the that would be more reliable.
Or wait till 10 o'clock and trade that range breakout/breakdown.
