NIFTY Intraday Trade Setup For 24 Feb 2023
Buy-Above 17621
Sl-17570
T- 17735 17850
Sell-Below 17450
Sl-17500
T- 17350 17250
NIFTY has closed on a slight bearish sentiment with 0.25% cut. Its been 6 consecutive days where NIFTY has been closing below PDL. Slight sentiment change will be there only when it sustains above PDH and closes EOD. Till then bearish sentiment will be on. Today it opened flat and a sell triggered below 17525 and gave more than 50 points gain which was 1:1. Then it just consolidated in 100 points range. Daily candle looks neutral.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17621 then we will long for the target of 17735 and 17850.
For selling we need a 15 Min candle close below 17450.T- 17350 and 17250.
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 17621
Sl-17570
T- 17735 17850
Sell-Below 17450
Sl-17500
T- 17350 17250
NIFTY has closed on a slight bearish sentiment with 0.25% cut. Its been 6 consecutive days where NIFTY has been closing below PDL. Slight sentiment change will be there only when it sustains above PDH and closes EOD. Till then bearish sentiment will be on. Today it opened flat and a sell triggered below 17525 and gave more than 50 points gain which was 1:1. Then it just consolidated in 100 points range. Daily candle looks neutral.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17621 then we will long for the target of 17735 and 17850.
For selling we need a 15 Min candle close below 17450.T- 17350 and 17250.
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.
