Nifty Intraday 16-08-2023

16 thg 8, 2023Market is going to open Gap Down again with key support level between 19230 - 19300. Though market can try to retrace as done on Monday but the second retaste of support is always stronger than the first. Nifty will be bullish only if it closes above 19550 which is unlikely today. Intraday traders should understand the trend and try to trade more on bearish side than bullish. If bullish scenario appears then trade should be taken in lesser quantity and smaller target