Nifty Intraday Trade Setup | 24th August 2021

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

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Happy Trading!
InvestPro India Team

Comment:

1st Target done.

Comment:

2nd Target done.

Trade closed: target reached:

All Targets done.