NIFTY Intraday Trade Setup For 29 Mar 2023
Buy-Above 16995
Sl-16945
T- 17117 17210+
Sell-Below 16910
Sl-16960
T- 16815 16700
NIFTY has closed on a slight bearish note with 0.2% cut. Today nothing triggered as per trade setup as it traded inside yesterday's range. 10 o'clock range broke downside below 16971 and gave more than 40 points gain which was more than 1:1. It has formed a base at 16915. Breakdown of 16900 will lead to a parabolic down move. Above 16995 if sustained we will head higher towards 17117 main hurdle will be today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 16995 then we will long for the target of 17117 and 17210.
For selling we need a 15 Min candle close below 16910. T- 16815 and 16700.
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 16995
Sl-16945
T- 17117 17210+
Sell-Below 16910
Sl-16960
T- 16815 16700
NIFTY has closed on a slight bearish note with 0.2% cut. Today nothing triggered as per trade setup as it traded inside yesterday's range. 10 o'clock range broke downside below 16971 and gave more than 40 points gain which was more than 1:1. It has formed a base at 16915. Breakdown of 16900 will lead to a parabolic down move. Above 16995 if sustained we will head higher towards 17117 main hurdle will be today's high.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 16995 then we will long for the target of 17117 and 17210.
For selling we need a 15 Min candle close below 16910. T- 16815 and 16700.
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.
