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NIFTY Intraday Trade Setup For 21 Mar 2023NIFTY 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.
NSE:NIFTY
by Omahto
2
NIFTY Intraday Trade Setup For 20 Mar 2023NIFTY 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.
NSE:NIFTY
by Omahto
4
NIFTY Intraday Trade Setup For 23 Feb 2023NIFTY Intraday Trade Setup For 23 Feb 2023 Buy-Above 17595 Sl-17545 T- 17650 17700+ Sell-Below 17525 Sl-17575 T-17440 17350 NIFTY has once again closed on a bearish sentiment with 1.53% cut. Since last 5 trading sessions it has been in bear's grip. It was told that on Sunday that below PDL it will maintain and continue the bearish trend. So has happened till now. Today it opened gap down below our sell levels. 10 o'clock range broke downside below 17670 and previous swing high was 17696. Low made is 17530. It gave 140 points gain with less than 30 points sl. It was clear move as no previous swing high was tested till day low. Once again it has closed near day low. So below day low bearish sentiment will be on. Also be alert and tight in trailing as it can give pullback of the whole down move also. Important intraday resistance in the upside will be near 17700. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17595 then we will long for the target of 17650 and 17700. For selling we need a 15 Min candle close below 17525. T- 17440 and 17350. 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.
NSE:NIFTY
by Omahto
1
NIfty - Still sideways in medium termNifty - Still sideways in medium term. As i have a bull mentality - I still believe we should hold the 16750 levels on the downsize. Nifty is trapped between 16750 and 17500. I have no view for Monday - we are in a sideways market with huge volatility and Gap ups & downs. Will strictly follow my levels and take trade. Keep a strict SL of 50 points. Also this recommendation/presentation and all future ones are & will be only for learning purpose. Please consult your financial advisor before investing. Thank you.
NSE:NIFTY
by KrishadInv