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InvestPro_India
Aug 24, 2021 1:18 PM

Nifty Intraday Trade Setup | 25th August 2021 

Nifty 50 IndexNSE

Description

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.
Comments
hindiashivam
yesterday you discussed that market will be range bound , you DIDNT say that there will be a good up move
ritwik5ingh
Wouldn't 16600 level be a good short entry, if the index slips below this level?
DRTRADERytb
thanks❤️
hindiashivam
oh sorry my mistake , you said correct .. once again sorry for the wrong comment
InvestPro_India
@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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