InvestPro_India

Nifty Intraday Trade Setup | 10th August 2021

NSE:NIFTY   Nifty 50 Index
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.

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