Nifty Intraday Trade Setup | 2nd July 2021

Jul 1, 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

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team

Jul 2, 2021

Note

Rejection at the trendline, acceptance at the lower line.