NIFTY Intraday Trade Setup For 28 Mar 2024
Bullish- Above 22215
Invalid- 22165
T- 22360 22550
Bearish- Below 22040
Invalid- Above 22090
T- 21880 21680
NIFTY has closed on a bullish note with 0.54% gain today. It was firmly bullish since opening as buy triggered above 22080 and gave a steady move till 22200. However our targets were unachieved due to overall low momentum market. It has tested hourly resistance level 22210 which is a breakout level inside the overall parallel channel in hourly and daily TF. Tomorrow above 22215 we can expect a good upmove on flat opening. 22040 is today's low and an important bearish reversal point considered from hourly resistance - 22210.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22215 then we will long for the target of 22360 and 22550
For selling we need a 15 Min candle close below 22040. T- 21880 and 21680.
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 22215
Invalid- 22165
T- 22360 22550
Bearish- Below 22040
Invalid- Above 22090
T- 21880 21680
NIFTY has closed on a bullish note with 0.54% gain today. It was firmly bullish since opening as buy triggered above 22080 and gave a steady move till 22200. However our targets were unachieved due to overall low momentum market. It has tested hourly resistance level 22210 which is a breakout level inside the overall parallel channel in hourly and daily TF. Tomorrow above 22215 we can expect a good upmove on flat opening. 22040 is today's low and an important bearish reversal point considered from hourly resistance - 22210.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 22215 then we will long for the target of 22360 and 22550
For selling we need a 15 Min candle close below 22040. T- 21880 and 21680.
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.
Trade active:
#NIFTY- Update
Buy triggered above 22215
22215-22480+
Book 80% position rest you can trail and wait for a fresh ATH
#NIFTY- Update
Buy triggered above 22215
22215-22480+
Book 80% position rest you can trail and wait for a fresh ATH
