GIFT Nifty up 50 points; here's the trading setup for today's session

Going ahead, a follow through move above 23,200-23,250 will signal continuation of the up move towards 23,500 levels. Failure to do so will lead to some consolidation in the range of 22,800-23,200 as the daily stochastic has approached overbought territory after recent sharp up move of 1200 points in the last 12 sessions.