NIFTY Intraday Trade Setup For 15 Feb 2023
Buy-Above 17080
Sl-17030
T- 17185 17270
Sell-Below 16985
Sl-17035
T-16885 16790
NIFTY has closed on a bearish sentiment with 0.65% cut. Below our sell continuation level - 17320 it has given almost 2% gain in just 2 days. It has hit 17k so we can now a pullback is very obvious. It is likely to give a bounce from 16990 which is 0.886 in daily TF. If this move matures then it can test 17600 also but the bullish structure has to be intact and has to safeguard PDL. This will be best on flat opening. Today it opened flat and sell triggered below 17110 and hit our 1st target - 16890 very smoothly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17080 then we will long for the target of 17185 and 17270.
For selling we need a 15 Min candle close below 16985. T- 16885 and 16790.
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 17080
Sl-17030
T- 17185 17270
Sell-Below 16985
Sl-17035
T-16885 16790
NIFTY has closed on a bearish sentiment with 0.65% cut. Below our sell continuation level - 17320 it has given almost 2% gain in just 2 days. It has hit 17k so we can now a pullback is very obvious. It is likely to give a bounce from 16990 which is 0.886 in daily TF. If this move matures then it can test 17600 also but the bullish structure has to be intact and has to safeguard PDL. This will be best on flat opening. Today it opened flat and sell triggered below 17110 and hit our 1st target - 16890 very smoothly.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17080 then we will long for the target of 17185 and 17270.
For selling we need a 15 Min candle close below 16985. T- 16885 and 16790.
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.
