InvestPro_India

Nifty Expiry Trade Setup | 26th August 2021

NSE:NIFTY   Nifty 50 Index
As analyzed, Nifty sustained above 16650 and we got our first Target on the buying side but as mentioned we saw a good rejection from 16700 levels, Nifty came down from 16712 to 16630 in just 15-20 mins.

For tomorrow, if we open with Gap-up again be cautious in the 16700 - 16720 zone as we can see the rejection. We have a weekly and monthly expiry tomorrow so Option Buyers be cautious.

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

Intraday Levels:
Buy Above - 16660
Sell Below - 16590

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

Happy Trading!
InvestPro India Team
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

Good morning sir, good information
+1 Reply
how did u got 16770 ?
Reply
@jrlolo, These are targets for Buy Trade.
Reply