NIFTY Intraday Trade Setup For 31 Mar 2023
Buy-Above 17130
Sl-17080
T- 17210 17300
Sell-Below 16990
Sl-17040
T- 16910 16815
NIFTY has closed on a bullish sentiment with 0.76% gain on Wednesday. It closed in a proper bullish sentiment after so many days. This bullishness will continue above last day's high- 17130. Important level for downside is 16900. This level is very crucial and breakdown will lead to a parabolic down move. Last day buy triggered and hit gave 50 points in the 1st go and 130 points in the second go. Tomorrow's ideal trades will be executed on flat opening.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17210 and 17300.
For selling we need a 15 Min candle close below 16990. T- 16900 and 16815.
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 17130
Sl-17080
T- 17210 17300
Sell-Below 16990
Sl-17040
T- 16910 16815
NIFTY has closed on a bullish sentiment with 0.76% gain on Wednesday. It closed in a proper bullish sentiment after so many days. This bullishness will continue above last day's high- 17130. Important level for downside is 16900. This level is very crucial and breakdown will lead to a parabolic down move. Last day buy triggered and hit gave 50 points in the 1st go and 130 points in the second go. Tomorrow's ideal trades will be executed on flat opening.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17130 then we will long for the target of 17210 and 17300.
For selling we need a 15 Min candle close below 16990. T- 16900 and 16815.
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.
