Nifty Intraday Trade Setup | 23rd August 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a big gap-down and due to global cues, took support from 16375 and we saw a bounce towards 16500 which acted as a resistance zone and Nifty was trading in this zone for the entire day.

For tomorrow, SGX Indicating the gap-up opening and we can see an up-move above 16510.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16510
Sell Below - 16400

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

Happy Trading!
InvestPro India Team
Comment: Gap-up and rejection from upper levels, Traders bought PE in the morning made 100% profit.

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what about Nifty Aug 16500 CE ?
+1 Reply
InvestPro_India Heythisisvishal
@Heythisisvishal, SGX Indicating a gap-up opening for tomorrow and in that case, 16500 CE would be open higher.
+1 Reply
Any Tip for tomorrow
InvestPro_India Heythisisvishal
@Heythisisvishal, We suggested buying 35400 PE at 300 which high 389... Approx. 30% profit.
Nifty target 16100 tomorrow
InvestPro_India deepakguptakumar833
@deepakguptakumar833, Very unlikely.
InvestPro_India bhadage1963
@bhadage1963, Thanks!
Any say for 16600CE Pls.