Today was a highly volatile day. Nifty opened with a gap-up above 21500 and we saw a good up move in morning towards 21600 odd levels where we saw a fast profit booking but Nifty took a support from trend line around opening price and gave another rally.
In 3 PM candle Nifty gave a breakout and we saw quick 80 - 85 points move. For tomorrow, if Nifty opens flat and sustains above 21680, we may see a follow-up buying towards 21720 and upper marked levels. On the other side, if Nifty breaks 21550 on the downside, we expect to see further selling towards 21510 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21680
Sell Below - 21550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
In 3 PM candle Nifty gave a breakout and we saw quick 80 - 85 points move. For tomorrow, if Nifty opens flat and sustains above 21680, we may see a follow-up buying towards 21720 and upper marked levels. On the other side, if Nifty breaks 21550 on the downside, we expect to see further selling towards 21510 and below marked levels on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 21680
Sell Below - 21550
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Trade closed: target reached:
Today's low exactly around our buy level and all targets done.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
