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InvestPro_India
Sep 15, 2021 1:02 PM

Nifty Expiry Trade Setup | 16th September 2021 

Nifty 50 IndexNSE

Description

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
Comments
rachit2406
Hi, do you see any healthy correction in NIFTY in the near term?
Xyz102sam
@rachit2406 yes fr sure
Xyz102sam
Sell below 17440 would be ideal levels
InvestPro_India
@rachit2406, Not now, It may head towards 17650 - 17700.
InvestPro_India
@rachit2406, See, we mentioned towards 17650
rachit2406
@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?
InvestPro_India
@rachit2406, 17700 would act as a resistance zone, let's see.
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