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Nifty Intraday Trade Setup | 23rd August 2021

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India Updated   
NSE:NIFTY   Nifty 50 Index
Support and Resistance Trend Lines Technical Indicators NIFTY niftyanalysis niftytradesetup niftylevels niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption
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supportandresistance trendline indicator nifty niftyanalysis niftytradesetup niftylevels niftyintradaylevels niftyintraday niftyintradaysetup niftyoptions niftyoption
Nifty opened with a big gap-down and due to global cues, took support from 16375 and we saw a bounce towards 16500 which acted as a resistance zone and Nifty was trading in this zone for the entire day.

For tomorrow, SGX Indicating the gap-up opening and we can see an up-move above 16510.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16510
Sell Below - 16400

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

Happy Trading!
InvestPro India Team
Comment:
Gap-up and rejection from upper levels, Traders bought PE in the morning made 100% profit.
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