NIFTY Intraday Trade Setup For 23 Feb 2022
NIFTY Intraday Trade Setup For 23 Feb 2022
Buy-Above 17150
Sl-17100
T-17205 17290
Sell-Below 17040
Sl-17090
T-16975 16900
NIFTY opened with a very big gap down today. Took Support from important support zone in the hourly TF. Bulls tried getting in from the support zone of 16800 levels.
Coming to tomorrow's trade setup, We will simply buy above 17150 if a 5 min candle closes above that. Target will be 17290 or the trendline being followed in the hourly TF.
We will sell below 17040 if a 15Min candle closes below 17078. Target will be 16970-16950.
Directional move will come below 16800. If index dives below 16800 then that will the breakdown of a symmetrical triangle. This will be a very smooth and direction trade.
If opens with big gap up/down then wait till 10 o'clock and then trade that range breakout/breakdown.
16800 and 17500 are the key levels for directional move. Between this we will se zig-zag moves.
Buy-Above 17150
Sl-17100
T-17205 17290
Sell-Below 17040
Sl-17090
T-16975 16900
NIFTY opened with a very big gap down today. Took Support from important support zone in the hourly TF. Bulls tried getting in from the support zone of 16800 levels.
Coming to tomorrow's trade setup, We will simply buy above 17150 if a 5 min candle closes above that. Target will be 17290 or the trendline being followed in the hourly TF.
We will sell below 17040 if a 15Min candle closes below 17078. Target will be 16970-16950.
Directional move will come below 16800. If index dives below 16800 then that will the breakdown of a symmetrical triangle. This will be a very smooth and direction trade.
If opens with big gap up/down then wait till 10 o'clock and then trade that range breakout/breakdown.
16800 and 17500 are the key levels for directional move. Between this we will se zig-zag moves.
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