InvestPro_India

Nifty Expiry Trade Setup | 16th September 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a gap-up above 17400 due to global cues and Nifty gave a trending up-move today. It has given the breakout from 200 points range and 17600 is the next target technically.

If we get a dip in the morning, look for the Buying opportunity.

Expectations for Tomorrow: Range-bound day, Volatility after 1:30 PM.

Intraday Levels:
Buy Above - 17540
Sell Below - 17470

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

Happy Trading!
InvestPro India Team
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Comments

Hi, do you see any healthy correction in NIFTY in the near term?
+1 Reply
@rachit2406 yes fr sure
Reply
Sell below 17440 would be ideal levels
Reply
@rachit2406, Not now, It may head towards 17650 - 17700.
Reply
@rachit2406, See, we mentioned towards 17650
+1 Reply
@InvestPro_India Yes, thanks! You were correct. NIFTY is moving in one direction. Been more than a month. Do you see 18 K on cards? Don't you think some correction will be healthy? Is this because of the money infused by DIIs and FIIs?
Reply
@rachit2406, 17700 would act as a resistance zone, let's see.
Reply