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Nifty 50 Index
Updated

Nifty Intraday Trade Setup | 24th August 2021

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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
Note
1st Target done.
Note
2nd Target done.
Trade closed: target reached
All Targets done.
InvestPro_India
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Whatsapp @8287021744

Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Also on:
Technical IndicatorsNIFTYniftyanalysisniftylevelsniftytradesetupSupport and ResistanceTrend Lines

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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.
Technical IndicatorsNIFTYniftyanalysisniftylevelsniftytradesetupSupport and ResistanceTrend Lines
InvestPro_India
Subscription: investproindia.in/market-learning-group/

Whatsapp @8287021744

Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Also on:

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.