Nifty Intraday Trade Setup | 17th May

Nifty opened with a gap-up and we saw a roller coaster session as per the expectations. Nifty made a morning high around 22340, made a low near 22100, came towards morning high and again we saw a fall towards 22050 levels. Last one hour rally was completely beyond expectations which took Nifty from 22050 zones to 22430.

For tomorrow, we are not looking for a buy at higher levels and will see sell on rise opportunity in morning session. If Nifty sustains below 22300, we may see 22260 and below. On the other side if Nifty breaks 22430 and sustains above this level, we expect to see further rally towards 22470 and above marked levels on the chart.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 22430
Sell Below - 22300

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