NIFTY Intraday Trade Setup For 20 Mar 2023
NIFTY Intraday Trade Setup For 20 Mar 2023
Buy-Above 17146
Sl-17095
T- 17270 17455
Sell-Below 17005
Sl-17055
T- 16929 16850
NIFTY has closed a on a bearish sentiment with 1.8% cut last week. Positional sell was triggered below 17760 for the target of 16650-700. Target almost achieved as low made last week is 16850.15. Now the current week is the week for a price action cluster building chances are that we can make a bottom which will be considered on a bullish PA above 17150. However in daily TF it has made consecutive halt candles so after a pullback in hourly TF if we make a proper reversal price action above 17150 then we will switch and sit in the up move which will be updated. Also below current week's low- 16850 we will resume.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17146 then we will long for the target of 17270 and 17455.
For selling we need a 15 Min candle close below 17005. T- 16929 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.
Buy-Above 17146
Sl-17095
T- 17270 17455
Sell-Below 17005
Sl-17055
T- 16929 16850
NIFTY has closed a on a bearish sentiment with 1.8% cut last week. Positional sell was triggered below 17760 for the target of 16650-700. Target almost achieved as low made last week is 16850.15. Now the current week is the week for a price action cluster building chances are that we can make a bottom which will be considered on a bullish PA above 17150. However in daily TF it has made consecutive halt candles so after a pullback in hourly TF if we make a proper reversal price action above 17150 then we will switch and sit in the up move which will be updated. Also below current week's low- 16850 we will resume.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17146 then we will long for the target of 17270 and 17455.
For selling we need a 15 Min candle close below 17005. T- 16929 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.
Related publications
Disclaimer
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.