Nifty Intraday Trade Setup | 2nd July 2021

Nifty opened with a minor gap-up and we again saw price rejection near our buying level and soon we tested lower range. Overall it was a range-bound day as analyzed yesterday. If we see the highlighted pink link, every time Nifty breaks the falling resistance line, we saw a good bounce. Today we closed near the trending line, so we may see a good up-move if we get the breakout tomorrow.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above - 15710
Sell Below - 15650

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Happy Trading!
InvestPro India Team

Comment:

Rejection at the trendline, acceptance at the lower line.