NIFTY Intraday Trade Setup For 4 Mar 2024

NIFTY Intraday Trade Setup For 4 Mar 2024

Bullish-Above 22470
Invalid-Below 22420
T- 22655 22840

Buy_2- From 22200
Invalid-Below 22150
T- 22500

NIFTY has closed on a slight bullish note with 0.75% gain last week. Friday's candle seems to be a strong bullish candle which has taken out last 7 day's range. We are likely to a parabolic up move or 90 degree angle move above 22470 in the coming days. But before that chances are that we can give a pull back towards 22200 again before the start of of the bullish impulse. So it can be an opportunity to long from 22200 zone for a good target in favor.

Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22470 then we will long for the target of 22655 and 22840.

2nd buy can be considered from 22200 zone. T- 22500.

In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.


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I am Not SEBI Registered

This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.