NIFTY Intraday Trade Setup For 25 Mar 2022
Buy-Above 17310
Sl-17350
T-17400 17450
Sell-Below 17147
Sl-17200
T-17060 17000
NIFTY has closed almost flat on Thursday. It opened with a decent gap down. All levels became invalid due to this. It was too volatile till 2 o'clock . Market showed all kinds of move. 10 o'clock range broke upside but that became a false breakout. Then it just consolidated the whole day with huge volatility.
Coming to tomorrow's trade setup, we will sell below 17147 if a 5 min candle closes below this. Target will 17060 and near 17000. 17000 is hourly support. Book 80% there. Below this index will dive till 16700 and 16300 in the coming days.
We need a candle close above 17310 to initiate buy position. Target will be 17400 and 17440. Above 17450 we can get another move till 17500 and above.
In case of a big gap up/down, we need to wait till 10o'clock and trade that range breakout/down.
Buy-Above 17310
Sl-17350
T-17400 17450
Sell-Below 17147
Sl-17200
T-17060 17000
NIFTY has closed almost flat on Thursday. It opened with a decent gap down. All levels became invalid due to this. It was too volatile till 2 o'clock . Market showed all kinds of move. 10 o'clock range broke upside but that became a false breakout. Then it just consolidated the whole day with huge volatility.
Coming to tomorrow's trade setup, we will sell below 17147 if a 5 min candle closes below this. Target will 17060 and near 17000. 17000 is hourly support. Book 80% there. Below this index will dive till 16700 and 16300 in the coming days.
We need a candle close above 17310 to initiate buy position. Target will be 17400 and 17440. Above 17450 we can get another move till 17500 and above.
In case of a big gap up/down, we need to wait till 10o'clock and trade that range breakout/down.
