Tuesday, February 14, 2023

Buy-Above 17805
T-17860 17915

Sell-Below 17715
T- 17649 17580

NIFTY has closed on bearish sentiment with 0.48% cut. Today it opened flat and sell triggered below 17779 and made a low of 17720. This trade hit our 1st target and gave 60 points which was 1:1. Later it just consolidated between 80 points range throughout the day. Today's low is very important as bearish price structure can start to establish in hourly TF and then in daily TF. Above 17920 if sustained it will start to make bullish price structure in hourly and then in daily TF.

Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 17805 then we will long for the target 17860 and 17915+.

For selling we need a 15 Min candle close below 17715. T- 17649 and 17560-80.

Till the time it is inside ranges and VIX is near 12 small targets have to be considered.

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.

target hit

long triggered @17805



NIFTY Intraday Trade Setup For 14 Feb 2023

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