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The_SharkTrader

Nifty trade plan for 08-08-2023

Nifty 50 Index (NSE:NIFTY)  
The_SharkTrader  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns niftytrend niftyprediction niftytradesetup niftyview niftyoutlook
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trendanalysis chartpattern niftytrend niftyprediction niftytradesetup niftyview niftyoutlook
Reversal pattern on nifty does not have strength, which clearly an indication that buyers are being trapped.

We can see reversal again in Nifty from one of the resistance levels 19795,19865 if not from these then most likely 19991

Decisively, nifty will be strong only above 19991 and sustaining above it

Trade with cautious
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