NIFTY Intraday Trade Setup For 28 Feb 2023
Buy-Above 17415
Sl-17365
T- 17475 17535
Sell-Below 17299
Sl-17350
T- 17225 17150
NIFTY has closed with 0.42% cut today. It opened and sell triggered as per trades setup Trade gave more than 110 points gain (17420-17299, 1:2) and hit our target. A dot reversal was seen from the PRZ plotted as 2nd target. It has formed a hammer in TF at previous swing low in daily TF. Above its high we will inch higher (towards 17650 and 17800 )which will be the pullback of whole parabolic down move. Selling will resume below 17299 only and that will be towards 16600-700. Also we will give reversal of the whole down move which started from Dec 2022 if we make a hammer in weekly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17415 then we will long for the target of 17475 and 17535. Extended T- 17635.
For selling we need a 15 Min candle close below 17299. T- 17225 and 17150. Extended T- 16990.
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 17415
Sl-17365
T- 17475 17535
Sell-Below 17299
Sl-17350
T- 17225 17150
NIFTY has closed with 0.42% cut today. It opened and sell triggered as per trades setup Trade gave more than 110 points gain (17420-17299, 1:2) and hit our target. A dot reversal was seen from the PRZ plotted as 2nd target. It has formed a hammer in TF at previous swing low in daily TF. Above its high we will inch higher (towards 17650 and 17800 )which will be the pullback of whole parabolic down move. Selling will resume below 17299 only and that will be towards 16600-700. Also we will give reversal of the whole down move which started from Dec 2022 if we make a hammer in weekly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 17415 then we will long for the target of 17475 and 17535. Extended T- 17635.
For selling we need a 15 Min candle close below 17299. T- 17225 and 17150. Extended T- 16990.
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.
