Nifty levels for today 16/08/2023

Aug 16, 2023

Good Morning dear Traders.

Nifty Trading some kind of flag pattern if you will see in higher timeframe. But we are still travelling inside the Flag pattern, we will wait for breakout execution before taking any exact decision. Well today's global market looking highly bearish and Gift Nifty also suggesting gap down opening, so overall it's looking bearish. So no problem we will trade according to price action. Please trade with levels.

Important Levels For Nifty:-

Buy above 19464, if levels sustains at least for 30 minutes.
Target we can see in upside 19536++
Keep stop loss at 19370.


Sale below 19370, if levels sustains at least for 30 minutes.
Target we can see in downside 19308/19257--
Keep stop loss at 19464.

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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