Nifty opened with a big gap-up today near the 16600 zones and we saw a sharp sell-off as expected. Nifty went to 16400, almost 200 points down from opening and then we saw a bounce from this zone which acted as support on Friday as well.
For tomorrow, we expect Nifty to give an up-move if we open flat around 16500 and break the falling resistance line on the upside.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 16540
Sell Below - 16450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
For tomorrow, we expect Nifty to give an up-move if we open flat around 16500 and break the falling resistance line on the upside.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above - 16540
Sell Below - 16450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
1st Target done.Note
2nd Target done.Trade closed: target reached
All Targets done.
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📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.