NIFTY Intraday Trade Setup For 28 Jan 2022
NIFTY Intraday Trade Setup For 28 Jan 2022
Buy-Above 17190
Sl-17140
T- 17300 17350 17400
Sell-Below 17045
Sl-17100
T-17950 17900
NIFTY opened with a big gap down today and 17000 was breached after a big down. After 17000 was breached this was our sell level also, index hit a low of 17867.
Then intraday trendline resistance broke and index moved upwards and closed near day high.
However the recent important low of 16837 (can say 16800) was not tested. If it was tested and broke then index would have crashed today.
Coming to tomorrow's trade setup, today's high is important. That will be our buy level. It will be good if index spend 10-20 min near 17050 and 17180 and break the range upside. We will buy for the target of 17300 and 17350.
For selling if index consolidates between the same range (17180-17050) and break the range lower side then we will short for 16950 and 16900.
In case of big gap up or gap down we will wait till 10 o'clock and trade that range.
Important support is 16800.
Buy-Above 17190
Sl-17140
T- 17300 17350 17400
Sell-Below 17045
Sl-17100
T-17950 17900
NIFTY opened with a big gap down today and 17000 was breached after a big down. After 17000 was breached this was our sell level also, index hit a low of 17867.
Then intraday trendline resistance broke and index moved upwards and closed near day high.
However the recent important low of 16837 (can say 16800) was not tested. If it was tested and broke then index would have crashed today.
Coming to tomorrow's trade setup, today's high is important. That will be our buy level. It will be good if index spend 10-20 min near 17050 and 17180 and break the range upside. We will buy for the target of 17300 and 17350.
For selling if index consolidates between the same range (17180-17050) and break the range lower side then we will short for 16950 and 16900.
In case of big gap up or gap down we will wait till 10 o'clock and trade that range.
Important support is 16800.
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