nifty 30/3/23

My nifty trade setup for 30/3/23

Nifty managed to close above 16950 levels after drop. Going by OI data Nifty is likely to be give a flat session. the trading range could be 16850-17050.

expecting a small gap up of about 30-50 points max. 17000 is a strong resistance point similarly 16900 is strong support. even if these are breached intraday, the likely close will be around 16950.

intraday trade levels :

if gapup and getting rejected at 17000, short with stop loss of 17030 for targets of 16950/16900/16850
if flat and down moving or gap down , short with sl at 16950 for target of 16900/19850