Nifty Intraday Trade Setup | 17th August 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened flat and after sustaining above our Buy level 16550 it went to 1st Target. Due to Afganistan News, there was not much volume in the market today so Options were not moving much.

For tomorrow, Buy Nifty only above 16600 and be cautious at upper levels as we can see profit booking in the second half.

Expectations for Tomorrow: Range-bound Day.

Intraday Levels:
Buy Above - 16600
Sell Below - 16520

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

Happy Trading!
InvestPro India Team
Comment: With Bullish bias in Nifty, booked profit in 16450 CE twice.
Comment: Weak below yesterday lows 16480-16475.

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