NIFTY Intraday Trade Setup For 27 Jan 2023
Buy-Above 17950
Sl-17900
T- 18025 18125
Sell-Below 17845
Sl- 17895
T- 17765 17645
NIFTY has closed on a complete bearish sentiment with 1.25% cut. It was bearish since opening. Market opened flat and sell triggered below 18075. It was a complete parabolic move till 17850. All sell targets were achieved, extended targets also. Since it was a complete parabolic move no previous swing high was tested across TF. NIFTY is still inside weekly range of 18270 and 17760. However it is very close to the lower range.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long. T- 18025; this level is an area of short on a negative price structure, 5 Min TF. If nothing is spotted then extended long target - 18125. Trail sl aggressively.
For selling we need a 15 Min candle close below 17845. T- 17760; it is an important support post bounce if we slide below 17750 then we will head towards 17645.
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 17950
Sl-17900
T- 18025 18125
Sell-Below 17845
Sl- 17895
T- 17765 17645
NIFTY has closed on a complete bearish sentiment with 1.25% cut. It was bearish since opening. Market opened flat and sell triggered below 18075. It was a complete parabolic move till 17850. All sell targets were achieved, extended targets also. Since it was a complete parabolic move no previous swing high was tested across TF. NIFTY is still inside weekly range of 18270 and 17760. However it is very close to the lower range.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17945 then we will long. T- 18025; this level is an area of short on a negative price structure, 5 Min TF. If nothing is spotted then extended long target - 18125. Trail sl aggressively.
For selling we need a 15 Min candle close below 17845. T- 17760; it is an important support post bounce if we slide below 17750 then we will head towards 17645.
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.
