NIFTY Intraday Trade Setup For 17 Jan 2024
NIFTY Intraday Trade Setup For 17 Jan 2024
Bullish-Above 23450
Invalid-Below 23400
T- 23600+
Bearish-Below 23270
Invalid-Above 23320
T- 23080
NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening.
Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600.
For selling we need a 15 Min candle close below 23270. T- 23080.
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.
Bullish-Above 23450
Invalid-Below 23400
T- 23600+
Bearish-Below 23270
Invalid-Above 23320
T- 23080
NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening.
Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600.
For selling we need a 15 Min candle close below 23270. T- 23080.
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.
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