InvestPro_India

Nifty Intraday Trade Setup | 25th August 2021

NSE:NIFTY   Nifty 50 Index
As analyzed, we saw a good up-move once Nifty broke the falling resistance line and hit all our targets on buying side. For tomorrow, we can again see an up-move above 16650 but be cautious in the 16700 zones as it's a Nifty ATH .

If we open with a big gap-up , look for the selling opportunity in the morning at upper levels.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16650
Sell Below - 16550

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

Happy Trading!
InvestPro India Team
Comment: As mentioned, we saw good rejection from 16712.
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Comments

yesterday you discussed that market will be range bound , you DIDNT say that there will be a good up move
+2 Reply
Wouldn't 16600 level be a good short entry, if the index slips below this level?
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oh sorry my mistake , you said correct .. once again sorry for the wrong comment
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InvestPro_India hindiashivam
@hindiashivam, No worries, expectations were Rang-bound but as mentioned after sustaining above the falling resistance line we saw a trending move.
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