Nifty Intraday Trade Setup | 16th Jan '24

Today Nifty opened with a gap up around 22040 and after making a high around 22080 we saw profit booking from upper levels. Nifty took support around 21965 and made a new ATH towards the closing.

For tomorrow, if Nifty sustains above 22120 we will see fresh up move towards 22160 and above marked levels. On the down side, Nifty has to break 22000 for further downside for 21960 and below marked levels.

Our biased is bullish for morning and we are looking for up move towards 22150 - 22200.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 22120
Sell Below - 22000

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

Happy Trading!
InvestPro India

Trade closed: target reached:

Got sell opportunity near our buy level which was also a resistance zone.