InvestPro_India

Nifty Intraday Trade Setup | 16th August 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-up and sustained above our buying level 16400 in the opening itself. It gave all the Targets on Buying side. Nifty is in a strong up-trend but the overall market doesn't look that strong, Mid-cap and Small-cap stocks are not performing up to that level.

For tomorrow, we can see another up-move if Nifty sustains above 16550 but buyers need to be cautious at upper levels and keep booking profits.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 16550
Sell Below - 16460

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team
Trade closed: target reached: 1st Target done on the buying side.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

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