Intraday setup & Pre-market Analysis

INTRADAY TRADING SETUP 22 February 2022

NIFTY 17207

RANGE 17000 17500
RESISTANCE 17350
SUPORT 17050

BUY ABOVE ˄ 17270
SL 17220
TARGET 17320 17450

SELL BELOW ˅ 17170
SL 17210
TARGET 17100 17050 16975

SMA
20DAY 17450
50DAY 17455
100DAY 16790


NIFTY SHORT TERM TREND DOWN UP ABOVE 17350
NIFTY MEDIUM TERM TREND UP DOWN BELOW 16800
NIFTY LONG TERM TREND UP DOWN BELOW 15000

BANK NIFTY 37686

RANGE 37100 38200
RESISTANCE 38050
SUPPORT 37150

BUY ABOVE ˄ 37815
SL 37000
TARGET 38000 38300 38500

SELL BELOW ˅ 37590
SL 37690
TARGET 37330 37200 37000

SMA
20DAY 37821
50DAY 37666
100DAY 37786


BANK NIFTY SHORT TERM TREND - DOWN UP ABOVE 38200
BANK NIFTY MEDIUM TERM TREND - UP DOWN BELOW 37100
BANK NIFTY LONG TERM TREND - UP DOWN BELOW 35000


PRE MARKET ANALYSIS

Ref. Today
US market DOW & NSDQ Bearish
Impact on Asia. Bearish
10yr Bond yield <1.5-1.7> 1.93 HIGH
Dollar 74.3INR 74.58INR Neutral
Brent crude 75.31USD 92.26USD HIGH
SGX NIfty 16983 17183 Neutral
INDIAVIX 16.5-18.5 22.9 Volatile

Events Monthly expiry on 24th Feb 2022
Election Result on 10th March 2022

NEWS Conflict on Cremia between Russia-Ukrain