Nifty Intraday Trade Setup | 24th August 2021
Updated
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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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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