NIFTY Intraday Trade Setup For 14 Mar 2024
Sell_1- From 22250
Invalid-Above 22300
T- 22050 21900
Sell_2- Below 21900
Invalid-Above 21950
T- 21689 21487
NIFTY has closed on a bold bearish note with 1.51% cut today. It was a good trendy day. Sell triggered below 22250 and hit both mentioned targets till 21910. Yesterday we discussed that index is in distribution phase and breakout of the parallel channel will trigger intraday momentum and will spike VIX. Trader's healthy environment is when VIX is above 15-16. Tomorrow 22250 will be an intraday CIP resistance and half bat PRZ.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 21900 then we will short for the target of 21689 and 21487.
2nd short will be planned from 22250. T- 22050 21900.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Sell_1- From 22250
Invalid-Above 22300
T- 22050 21900
Sell_2- Below 21900
Invalid-Above 21950
T- 21689 21487
NIFTY has closed on a bold bearish note with 1.51% cut today. It was a good trendy day. Sell triggered below 22250 and hit both mentioned targets till 21910. Yesterday we discussed that index is in distribution phase and breakout of the parallel channel will trigger intraday momentum and will spike VIX. Trader's healthy environment is when VIX is above 15-16. Tomorrow 22250 will be an intraday CIP resistance and half bat PRZ.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 21900 then we will short for the target of 21689 and 21487.
2nd short will be planned from 22250. T- 22050 21900.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
