Indeks Nifty 50
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Nifty Intraday Trade Setup | 13th August 2021

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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
Nota
1st and 2nd Targets are done on the buying side.

Penafian

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