NIFTY Intraday Trade Setup For 23 Mar 2023
Buy-Above 17166
Sl-17115
T- 17270 17365
Sell-Below 17105
Sl-17155
T- 17028 16950
NIFTY has closed on a bullish sentiment with 0.26% gain. It has formed a spinning top candle in daily TF which is a sign of halt/rest. Above its high bullish momentum will continue and below its low if sustained we will see a down move. Today it opened with a small gap up and just traded between 10 o'clock range for the whole day. It was complete sideways after 10 o'clock. Consolidation before event in US may trigger a big move tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17166 then we will long for the target of 17220 and 17365.
For selling we need a 15 Min candle close below 17105. T- 17028 and 16950.
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 17166
Sl-17115
T- 17270 17365
Sell-Below 17105
Sl-17155
T- 17028 16950
NIFTY has closed on a bullish sentiment with 0.26% gain. It has formed a spinning top candle in daily TF which is a sign of halt/rest. Above its high bullish momentum will continue and below its low if sustained we will see a down move. Today it opened with a small gap up and just traded between 10 o'clock range for the whole day. It was complete sideways after 10 o'clock. Consolidation before event in US may trigger a big move tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17166 then we will long for the target of 17220 and 17365.
For selling we need a 15 Min candle close below 17105. T- 17028 and 16950.
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.
