NIFTY INTRADAY SETUP AS ON 29/03/2022
1. on Daily CHART nifty form hammer candle which is bullish indication for nifty trend
2. on 15 min chart nifty given trendline breakout and close above trendline last closing session which is also bullish sign
3. nifty cloase at 17222 where nearest resistance found around 17230 Cross above the resistance next session and above 17250 nifty will go to 17350-17400 level can test and may try to break it.
4 if nifty fall to cross nearest resistance above 17250 then it find support near 17150 and bellow that nifty can test 17000 level .
5. price oscillator showing nifty above 0 line on 15 min chart also bullish indication .
^^ THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk . !
HAPPY TRADING !
**
1. on Daily CHART nifty form hammer candle which is bullish indication for nifty trend
2. on 15 min chart nifty given trendline breakout and close above trendline last closing session which is also bullish sign
3. nifty cloase at 17222 where nearest resistance found around 17230 Cross above the resistance next session and above 17250 nifty will go to 17350-17400 level can test and may try to break it.
4 if nifty fall to cross nearest resistance above 17250 then it find support near 17150 and bellow that nifty can test 17000 level .
5. price oscillator showing nifty above 0 line on 15 min chart also bullish indication .
^^ THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk . !
HAPPY TRADING !
**
Comment:
as we open positive today ..if nifty sustained above 17300 1st 1 hour nifty likely to break resistance 17350-17400 on intraday basis today. ! 9.25 am 29/03/2022
Comment:
intraday chart 17315 is for form resistance till now ..9.55 am
Comment:
as if now nifty at very narrow range from 17240 to 17330 , undeceive trade . 1.15 pm , may be later will broke either side .
Comment:
nifty close in green candle today after back to hammer candle .. bulls favr .!