NIFTY Intraday Trade Setup For 27 Mar 2023
Buy-Above 17000
Sl- 17050
T- 17100 17200+
Sell-Below 16915
Sl-16965
T- 16825 16725
NIFTY has closed on a bearish sentiment last week and day. It closed with almost 1% cut last week. Current important levels are 17210 and 16800. Above 17210 we will plan the reversal trade towards 17600 and above. Below 16800 bearish move will continue and it will start the leg towards 16600 and 16200 (extreme case). However if we close in green and make a green candle this week then we will probably reverse in the coming weeks. Till then we have to follow the same sell on rise approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle close 17000 then we will long for the target of 17100 and 17200+
For selling we need a 15 min candle close below 16915. T- 16825 and 16725.
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 17000
Sl- 17050
T- 17100 17200+
Sell-Below 16915
Sl-16965
T- 16825 16725
NIFTY has closed on a bearish sentiment last week and day. It closed with almost 1% cut last week. Current important levels are 17210 and 16800. Above 17210 we will plan the reversal trade towards 17600 and above. Below 16800 bearish move will continue and it will start the leg towards 16600 and 16200 (extreme case). However if we close in green and make a green candle this week then we will probably reverse in the coming weeks. Till then we have to follow the same sell on rise approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle close 17000 then we will long for the target of 17100 and 17200+
For selling we need a 15 min candle close below 16915. T- 16825 and 16725.
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.
Sl- 16950
T- 17100 17200+
Sell-Below 16915
Sl-16965
T- 16825 16725