NIFTY Intraday Trade Setup For 21 Mar 2023
Buy-Above 17010
Sl-16960
T-17100 17190
Sell-Below 16920
Sl-16970
T- 16830 16730
NIFTY has closed on a bearish note with 0.65% cut. Today it opened and sell triggered below 17005 and hit both our targets (17005-16830). It bounce almost from the second target which was the daily low. It has formed a hammer in daily TF. So now its high and low are very important. Above its high - 17070 the trend is very to reverse in the coming days if its high is sustained. Since its a buyer's candle so lots of sls would have been placed below its low. So below 16820 there will be severe selling which will take us to lower levels. Both the levels are very important.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17010 then we will long for the target of 17100 and 17190.
For selling we need a 15 Min candle close below 16920. T- 16830 and 16730.
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 17010
Sl-16960
T-17100 17190
Sell-Below 16920
Sl-16970
T- 16830 16730
NIFTY has closed on a bearish note with 0.65% cut. Today it opened and sell triggered below 17005 and hit both our targets (17005-16830). It bounce almost from the second target which was the daily low. It has formed a hammer in daily TF. So now its high and low are very important. Above its high - 17070 the trend is very to reverse in the coming days if its high is sustained. Since its a buyer's candle so lots of sls would have been placed below its low. So below 16820 there will be severe selling which will take us to lower levels. Both the levels are very important.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17010 then we will long for the target of 17100 and 17190.
For selling we need a 15 Min candle close below 16920. T- 16830 and 16730.
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.
