NIFTY Intraday Trade Setup For 28 Mar 2022
Buy-Above 17310
Sl-17260
T-17400 17450 17500
Sell-Below 17070
Sl-17120
T-17000 16965 16900
NIFTY has closed in a negative note on Friday. Index has been trading in a range since last week. It was sideways week. Range is 17450 and 17000. Breakout/down of this range will give next move of 400 points any side. 17000 is a important level to watch. NIFTY is stronger than BANKNIFTY.
Coming to Monday's trade setup, we will sell below 17070 if a 15 Min candle closes below this. Target will be 17000. It is a support zone. Consider booking profits in this zone. But after a bounce if 17000 is broken then target will be 16900 and below.
For buying one should wait till 17310. We will build our long above 17310 if a 15 Min candle closes above this. Target will be 17400 and 17500. One aggressive trade can be done above 17200 if a candle closes above this for 50- 100 points move.
Ideal trade will be on flat opening. Wait till 10 o'clock in case of a big gap up/down. Trade on the breakout/down of 10 o'clock trading range.
Buy-Above 17310
Sl-17260
T-17400 17450 17500
Sell-Below 17070
Sl-17120
T-17000 16965 16900
NIFTY has closed in a negative note on Friday. Index has been trading in a range since last week. It was sideways week. Range is 17450 and 17000. Breakout/down of this range will give next move of 400 points any side. 17000 is a important level to watch. NIFTY is stronger than BANKNIFTY.
Coming to Monday's trade setup, we will sell below 17070 if a 15 Min candle closes below this. Target will be 17000. It is a support zone. Consider booking profits in this zone. But after a bounce if 17000 is broken then target will be 16900 and below.
For buying one should wait till 17310. We will build our long above 17310 if a 15 Min candle closes above this. Target will be 17400 and 17500. One aggressive trade can be done above 17200 if a candle closes above this for 50- 100 points move.
Ideal trade will be on flat opening. Wait till 10 o'clock in case of a big gap up/down. Trade on the breakout/down of 10 o'clock trading range.
