NIFTY Intraday Trade Setup For 23 Mar 2023

NSE:NIFTY   Nifty 50 Index
NIFTY Intraday Trade Setup For 23 Mar 2023

Buy-Above 17166
T- 17270 17365

Sell-Below 17105
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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.