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Nifty Intraday Trade Setup | 13th August 2021

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Support and Resistance Technical Indicators NIFTY niftyanalysis nifty50 niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption
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supportandresistance indicator nifty niftyanalysis nifty50 niftytradesetup niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption
Nifty opened with a gap-up and sustained above buy level 16300, Traders bought in the morning as per set-up booked great profit. We bought 16400 PE at 85 which we booked around 90 as Nifty was moving in a narrow range.

For tomorrow, 16370 - 16400 would act as a strong resistance zone and we may see rejection so Fut/CE buyers be cautious in this zone.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above - 16400
Sell Below - 16320

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

Happy Trading!
InvestPro India Team
Comment:
1st and 2nd Targets are done on the buying side.
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