NIFTY Intraday Trade Setup For 17 May 2022

NIFTY Intraday Trade Setup For 17 May 2022

Buy-Above 15905
Sl-15850
T- 16000 16080 16175

Sell-Below 15735
Sl-15790
T-15600 15500

NIFTY has formed a doji candle in daily TF. Its can be a trend pause/reversal above doji's high and continuation below doji's low. Important levels to watch tomorrow :- 15730 (S)
16000 (R)

If a 15 Min candle is closed below 15735 then short for the target of 15600 and 15500. Book profits near 15500 as it is a support level.

For buying if a 15 Min candle closes above 15905 then above that candle long for the target of 16000, 16080 and 16180. 17180-16200 can act as a supply zone.

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.

Intraday Support- 15735-50
Intraday Resistance- 16200

Hourly Support- 15500
Hourly Resistance- 16400
Chart PatternsHarmonic PatternsNIFTYnifty50niftyanalysisniftyforecastniftyintradaylevelsniftyintradaytradesetupniftylevelsniftypredictionniftytradesetupTrend Analysis

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