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Nifty Intraday Trade Setup | 11th August 2021

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Support and Resistance Trend Lines Technical Indicators NIFTY nifty50 niftyanalysis niftyview niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions
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supportandresistance trendline indicator nifty nifty50 niftyanalysis niftyview niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions
Nifty opened with a minor gap-up and we saw a good up-move once it broke the yellow trendline. Buy trade triggered above 16300 as per set-up and we got our first target. We also saw the bounce from our support zone of 16200, we bought 16200 CE around 82 which went to above 110 and we booked great profit.

We are seeing selling in Nifty at upper levels, for tomorrow look for sell opportunity on upper levels.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16320
Sell Below - 16240

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

Happy Trading!
InvestPro India Team
Comment:
See the fall, mentioned yesterday to look for sell opportunities from upper levels.
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