NIFTY Intraday Trade Setup For 29 Mar 2022
Buy-Above 17240
Sl-17200
T-17300 17400
Sell-Below 17130
Sl-17170
T-17065 17000
NIFTY is still in the range of 17450 and 17000. Range has not been shifted either side. We planned to sell below 17070. Our 1st target was 17000 , range low. It was a good trade. Then a double bottom was formed at 17000 and above the neckline of 17070 index reversed till 17135.
Coming to tomorrow's trade setup, we will build our long position above 17310 for the target of 17400 and 17500. While buying above today's high is a bit aggressive. Target will be near 17300.
If a candle closes below 17130 then short for the target of 17065 and 17000. Best short trade will be below 17000 only.
In case of a big gap up/down wait till 10 o'clock and trade that range breakout/breakdown.
Directional move will come above 17450 and below 17000.
Buy-Above 17240
Sl-17200
T-17300 17400
Sell-Below 17130
Sl-17170
T-17065 17000
NIFTY is still in the range of 17450 and 17000. Range has not been shifted either side. We planned to sell below 17070. Our 1st target was 17000 , range low. It was a good trade. Then a double bottom was formed at 17000 and above the neckline of 17070 index reversed till 17135.
Coming to tomorrow's trade setup, we will build our long position above 17310 for the target of 17400 and 17500. While buying above today's high is a bit aggressive. Target will be near 17300.
If a candle closes below 17130 then short for the target of 17065 and 17000. Best short trade will be below 17000 only.
In case of a big gap up/down wait till 10 o'clock and trade that range breakout/breakdown.
Directional move will come above 17450 and below 17000.
