Nifty Update (08 September 2021)

Nifty Update (08 September 2021)
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The market snapped its three-day winning streak after a volatile session.

Here’s the trade setup for today:
17,440 is an important key-level for the day as Index has tested the level multiple times & took resistance.

We going to open a long position only above 17,450 if the price closes and sustains above it, the target is open as 17,450 is an all-time high.

For Short:
The index has been seen respecting the plotted dynamic trendline. If the price closes below 17,380 for the downside targets of 17,320 to 17,300

17,300 will act as Intraday support.

The index has been seen trading in a narrow range, high probability of a range bound session wait for the range to break.

Trade accordingly!

Trade closed: target reached