NIFTY Intraday Trade Setup For 22 Mar 2022
Buy-Above 17190
Sl-17140
T-17260 17320
Sell-Below 17090
Sl-17140
T-17000 16960
NIFTY has made a complete bear engulfing candle today. Index closed 170 points in red. We planned to short below 17250 on a 15 Min candle close. Index gave us a smooth profit from 17250-17100. It was a good day, everything went as per our plan. We planned to buy above 17350 if we get a 15 Min candle close above that. It did not trigger.
Coming to tomorrow's trade setup, we will consider shorting below today's low- 17090. Target will be near 17000 and 16960. 17000 can act a psychological support , consider booking some profit there. If index makes a range near 17000 and breaks downside then 16950 and 16900 will be our target.
For buying we need a 15 candle close above the last swing high 17190 to go long. Target will be 17260. Book max here. Hold some qty for any further move till 17320. Candle close is important. As sentiment has changed from bullish to bearish as per the current daily candle.
The above plan will be used on flat opening. In case of any big gap up/down. Wait till 10 o'clock and trade that range breakout/down.
Buy-Above 17190
Sl-17140
T-17260 17320
Sell-Below 17090
Sl-17140
T-17000 16960
NIFTY has made a complete bear engulfing candle today. Index closed 170 points in red. We planned to short below 17250 on a 15 Min candle close. Index gave us a smooth profit from 17250-17100. It was a good day, everything went as per our plan. We planned to buy above 17350 if we get a 15 Min candle close above that. It did not trigger.
Coming to tomorrow's trade setup, we will consider shorting below today's low- 17090. Target will be near 17000 and 16960. 17000 can act a psychological support , consider booking some profit there. If index makes a range near 17000 and breaks downside then 16950 and 16900 will be our target.
For buying we need a 15 candle close above the last swing high 17190 to go long. Target will be 17260. Book max here. Hold some qty for any further move till 17320. Candle close is important. As sentiment has changed from bullish to bearish as per the current daily candle.
The above plan will be used on flat opening. In case of any big gap up/down. Wait till 10 o'clock and trade that range breakout/down.
