NIFTY Intraday Trade Setup For 24 Mar 2022
Buy-Above 17310
Sl-17260
T-17415 17500
Sell-Below 17199
Sl-17250
T-17130 17060
NIFTY opened with a 50 points gap up today. We planned to buy above 17360 but it became invalid due to gap up. We planned to trade the 10 o'clock range in case of a gap up/down. 10 o'clock range broke downside below 17350. Index gave a good trendy downside move till 17200. Pullbacks were deep today.
Coming to tomorrow's trade setup, we will buy above 17310 if a 15 Min candle closes above that. Target will be 17415. Book Max here. Next upside move will be seen above 17450 only. This will take NIFTY to 17800 in the coming day. Index has to close above 17450.
For selling, if index fails to sustain Wednesday's low then sell below 17199 for the target of 17130 and 17060. 17000 is a support zone. Below this index will head towards 16700 and 16300. Eat in pieces.
In case of a big gap up/down, wait till 10 o'clock and trade that range breakout/down.
Buy-Above 17310
Sl-17260
T-17415 17500
Sell-Below 17199
Sl-17250
T-17130 17060
NIFTY opened with a 50 points gap up today. We planned to buy above 17360 but it became invalid due to gap up. We planned to trade the 10 o'clock range in case of a gap up/down. 10 o'clock range broke downside below 17350. Index gave a good trendy downside move till 17200. Pullbacks were deep today.
Coming to tomorrow's trade setup, we will buy above 17310 if a 15 Min candle closes above that. Target will be 17415. Book Max here. Next upside move will be seen above 17450 only. This will take NIFTY to 17800 in the coming day. Index has to close above 17450.
For selling, if index fails to sustain Wednesday's low then sell below 17199 for the target of 17130 and 17060. 17000 is a support zone. Below this index will head towards 16700 and 16300. Eat in pieces.
In case of a big gap up/down, wait till 10 o'clock and trade that range breakout/down.
