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NIFTY --INTRADAY SETUP -- 21/02/2022

NIFTY INTRDAY Trade setup as on 21/02/2022 ON 15 MIN CHART.

1> Nifty trade at consolidation area last 2 session between 17250 to 17375 with narrow range and low volume, indicate traders are indecision of trade either side may be due to global uncertainty of Russia Ukraine crises.

2. Currently trendline support seen on 15 chart at last session closing 17275 .

3. monday session if consolidation and trendline break 1st 1 hour then nifty strong bearish to downside level 17050 and 16850
if more sharp fall any bad news .

3. if global situation stable and india vix stand positive, if consolidation breakout upside nifty will go upword to 17370 and 17500 Further up move but 1st consolidation breakout must seen above 17370 for confirmation .

4 RSI seen arond 40 but negative turn. if slide down will confirm downtrend.. bullish above 60 .

*** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!

註釋

currently sgx nifty down 50 point apx and INDIA VIX showing flat..!
watch out sgx and indiavix latest update monday before market open and decide the trade. !

註釋

RSI VALUE is 38.40 on 15 min chart setup.!

註釋

NIFTY BELLOW 17220 sharp fall towards target 17050 .. ! 21/02/2022

註釋

RSI move to 20 OVERSOLD level !

註釋

intraday support on chart 17070 and resistance 17200-17220 .. ANY BOUNCE around 17220 -17200 will find resistance for short opportunity . correction around 17050-17070 will buy opportunity.

註釋

short at 17220 stop loss 17290
buy at 17070 stop loss 17000

註釋

nifty seen bullish ..! RSI move above 40 !

註釋

low of nifty 17070 Where downside target hit first, then bounce back to 17220-17350 , closing around 17200 level. SO tomorrow trade 17350 will be resistance and 17070 is support level. !