Indice NIFTY 50

nifty trade setup 16/3/23

market to continue having negative outlook on account of continuing global meltdown. expecting gap down opening of about 80-100 points (around 16900 levels).
can look for Pe side trade below 16935 with sl of 19650 for target of 16900/19874/16755/16650.
not much on upside. can look at Ce side trade only above todays day high 17210, though the R/r does not appear favorable. Scalping can be attempted above 17000 with buy of dips if such conditions occur.

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