NIFTY Intraday Trade Setup For 17 Jan 2024
NIFTY Intraday Trade Setup For 17 Jan 2024
Bullish-Above 22130
Invalid-Below 22080
T- 22275 22460
Bearish-Below 21960
Invalid-Above 22010
T- 21840 21700
NIFTY has closed on a slight bearish note 0.29% cut today. It has formed a spinning top candle which indicates indecisiveness. It can result into a reversal too if it breaks today's low- 21960 and in case the immediate next daily candle closes in red then possibility of a reversal is high, small or big we do not know. Index is in the last leg of rally BTW and a top can be formed in 22500 zone (+/-100). Tomorrow 22130 and 21960 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22275 and 22460.
For selling we need a 15 Min candle close below 21960. T- 21840 and 21700.
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.
Bullish-Above 22130
Invalid-Below 22080
T- 22275 22460
Bearish-Below 21960
Invalid-Above 22010
T- 21840 21700
NIFTY has closed on a slight bearish note 0.29% cut today. It has formed a spinning top candle which indicates indecisiveness. It can result into a reversal too if it breaks today's low- 21960 and in case the immediate next daily candle closes in red then possibility of a reversal is high, small or big we do not know. Index is in the last leg of rally BTW and a top can be formed in 22500 zone (+/-100). Tomorrow 22130 and 21960 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 22130 then we will long for the target of 22275 and 22460.
For selling we need a 15 Min candle close below 21960. T- 21840 and 21700.
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.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.