NIFTY Intraday Trade Setup For 24 Jan 2022
Buy-Above 17710
Sl-17670
T-17820 17900
Sell-Below 17480
Sl-17530
T-17365 17250
NIFTY has formed a doji candle on Friday. The trade setup is based on the high and low of the candle. If we get a closing above 17700 in 15 min TF then we will initiate a buy trade.
For selling we nee to wait till 17500 breakdown. In between Friday's low and high we will not initiate any trade.
Market can move either side, so let price tell us.
Wait for levels to trigger. Maintain a neutral view
Nifty is weaker than Banknifty. So if we get a buying opportunity then I would prefer to buy BANKNIFTY.
Buy-Above 17710
Sl-17670
T-17820 17900
Sell-Below 17480
Sl-17530
T-17365 17250
NIFTY has formed a doji candle on Friday. The trade setup is based on the high and low of the candle. If we get a closing above 17700 in 15 min TF then we will initiate a buy trade.
For selling we nee to wait till 17500 breakdown. In between Friday's low and high we will not initiate any trade.
Market can move either side, so let price tell us.
Wait for levels to trigger. Maintain a neutral view
Nifty is weaker than Banknifty. So if we get a buying opportunity then I would prefer to buy BANKNIFTY.
