Nifty Trade Setup for 24 Aug 2021

NSE:NIFTY   Nifty 50 Index
Long Opportunity :
If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels.

A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2

Any good support at yesterday's low is good opportunity to go long.

Short Opportunity :
Any resitance at V-CPR we can possible go short with VCPR above as SL and expect it to test CPR .

If it opens flat and compromises CPR then we can expect to yesterday lows.


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