NIFTY Intraday Trade Setup For 22 Feb 2023
Buy-Above 17856
Sl-17805
T-17930 18000
Sell-Below 17800
Sl-17850
T-17719 17645
NIFTY has closed on with a neutral sentiment with less than 20 points cut today. Today it opened opened slight gap up and took support from PDC and bounced completely. Buy triggered above 17865 and made a high of 17924, close to 1st target. That was nothing but the golden FIB level from yesterday's range. later it consolidated at 17800 by taking support multiple times. As it has closed near day low so below today's low it may continue bearish sentiment. In case of gap down opening 1st 15 Min candle sentiment will be important to watch.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17856 then we will long for the target of 17930 and 18000.
For selling we need a 15 Min candle close below 17800. T- 17719 and 17645..
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 17856
Sl-17805
T-17930 18000
Sell-Below 17800
Sl-17850
T-17719 17645
NIFTY has closed on with a neutral sentiment with less than 20 points cut today. Today it opened opened slight gap up and took support from PDC and bounced completely. Buy triggered above 17865 and made a high of 17924, close to 1st target. That was nothing but the golden FIB level from yesterday's range. later it consolidated at 17800 by taking support multiple times. As it has closed near day low so below today's low it may continue bearish sentiment. In case of gap down opening 1st 15 Min candle sentiment will be important to watch.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 17856 then we will long for the target of 17930 and 18000.
For selling we need a 15 Min candle close below 17800. T- 17719 and 17645..
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.
