Nifty Intraday Trade Setup | 16th August 2021

Nifty opened with a gap-up and sustained above our buying level 16400 in the opening itself. It gave all the Targets on Buying side. Nifty is in a strong up-trend but the overall market doesn't look that strong, Mid-cap and Small-cap stocks are not performing up to that level.

For tomorrow, we can see another up-move if Nifty sustains above 16550 but buyers need to be cautious at upper levels and keep booking profits.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 16550
Sell Below - 16460

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

Happy Trading!
InvestPro India Team

Dagangan ditutup: sasaran tercapai:

1st Target done on the buying side.