NIFTY Intraday Trade Setup For 24 Mar 2023

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 24 Mar 2023

Buy-Above 17120
Sl- 17070
T- 17200 17295

Sell-Below 17045
T-16950 16850

NIFTY has closed on a bearish sentiment with 0.44% cut. It was a full volatile session from opening. Today it opened gap down and 10 o'clock range broke upside above 17131 and gave a good move till 17200+. Last swing high low was of 30 points so with 30 points sl it gave more than 70 points gain. Now 17210 is important for the upside move and we will plan the positional buy above 17210 for the initial target of 17600. Below 16800 once again we will sit on the sell leg positionally.

Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17120 then we will long for the target of 17200+ and 17295.

For selling we need a 15 Min candle close below 17045. T- 16950 and 16850.

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.


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