Today, Nifty opened with a large gap-up at the 16600 zones, which was followed by a rapid sell-off, as expected. Nifty fell to 16400, over 200 points below its starting level, before rebounding from this zone, which also served as support on Friday.
If we open flat around 16500 tomorrow and break the falling resistance line on the upside, we expect Nifty to climb higher.
Tomorrow's expectations Range-bound day.
Intraday Levels:
Buy Above - 16540
Sell Below - 16450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
If we open flat around 16500 tomorrow and break the falling resistance line on the upside, we expect Nifty to climb higher.
Tomorrow's expectations Range-bound day.
Intraday Levels:
Buy Above - 16540
Sell Below - 16450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!