RaviChandran_Rajkumar

Nifty Trade setup for 06 Aug 2021

NSE:NIFTY   Nifty 50 Index
Nifty Trade setup for 06 Aug 2021

Expect a flattish to small gap up opening in Nifty .

In case the CPR or Bullish reversal zones holds good on opening we can expect Nifty to test our
Bearish reversal zone of 16332 & if that is taken out we can expect 16371 & higher.

If Bearish breakout below 16218 we can expect the lower targets and the gap might be filled out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.