Nifty Intraday Trade Setup | 10th August 2021

Nifty opened with a minor gap-up and broke the falling resistance line which triggered our buy level as analyzed yesterday. Traders who bought Nifty CE or Futures made a good profit in the morning. We also caught the selling opportunity and bought 16300 PE which again gave great profit as we saw around 140 points fall in Nifty.

For tomorrow, we again may see a good up-move once the falling trendline is broken on the upside, In case it breaks 16180 on the downside, lower marked levels can be seen.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16300
Sell Below - 16180

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

Happy Trading!
InvestPro India Team

Comment:

Nifty facing resistance in 16320-16350 zone, those holding buy positions stay cautious.

Comment:

1st Target Done.