NIFTY Intraday Trade Setup For 17 Jan 2023
Buy-Above 17945
Sl-17895
T- 18050 18150
Sell-Below 17850
Sl-17900
T- 17765 17675
NIFTY has closed a slight bearish sentiment with 0.34% cut today. It opened with a slight gap up today and then fell from opening levels. We already planned that we will trade 10 o'clock range in case of gap up/down. 10 o'clock range broke downside below 17942 and gave more than 80 points which was more than 1:2. It was mentioned in the previous day trade setup that 17970 can act as a support; more than 70 points bounce was seen.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long for the target of 18050. Above 18050 we will hit 18150+. 18k is mid way.
For selling we need a 15 Min candle below 17850. T- 17765. Below 17760 we will hit 17675 and below.
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 17945
Sl-17895
T- 18050 18150
Sell-Below 17850
Sl-17900
T- 17765 17675
NIFTY has closed a slight bearish sentiment with 0.34% cut today. It opened with a slight gap up today and then fell from opening levels. We already planned that we will trade 10 o'clock range in case of gap up/down. 10 o'clock range broke downside below 17942 and gave more than 80 points which was more than 1:2. It was mentioned in the previous day trade setup that 17970 can act as a support; more than 70 points bounce was seen.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long for the target of 18050. Above 18050 we will hit 18150+. 18k is mid way.
For selling we need a 15 Min candle below 17850. T- 17765. Below 17760 we will hit 17675 and below.
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.
