NIFTY Intraday Trade Setup For 17 Feb 2023
Buy-Above 18101
Sl-18050
T-18168 18235
Sell-Below 18000
Sl-18050
T-17905 17837
NIFTY has closed has closed on a flat note with just 20 points gain. Today it opened with a decent gap up , directly at our 1st target which was also a PRZ area. As usual it fell from PRZ area. The momentum was quite slow due to low VIX. However momentum was better than BANKNIFTY. Later 10 o'clock range broke downside and gave 60 points gain. It has closed near day low so below today's low it can slide. If it sustains above 18100 then it will test higher levels.
Comin to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18101 then we will long for the target of 18168 and 18265.
For selling we need a 15 Min candle close below 18000.T- 17905. Below 17900 it will hit 17837 and extended T- 17763.
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 18101
Sl-18050
T-18168 18235
Sell-Below 18000
Sl-18050
T-17905 17837
NIFTY has closed has closed on a flat note with just 20 points gain. Today it opened with a decent gap up , directly at our 1st target which was also a PRZ area. As usual it fell from PRZ area. The momentum was quite slow due to low VIX. However momentum was better than BANKNIFTY. Later 10 o'clock range broke downside and gave 60 points gain. It has closed near day low so below today's low it can slide. If it sustains above 18100 then it will test higher levels.
Comin to Friday's trade setup, if index opens flat and a 15 Min candle closes above 18101 then we will long for the target of 18168 and 18265.
For selling we need a 15 Min candle close below 18000.T- 17905. Below 17900 it will hit 17837 and extended T- 17763.
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.
