As analyzed, Nifty sustained above 16650 and we got our first Target on the buying side but as mentioned we saw a good rejection from 16700 levels, Nifty came down from 16712 to 16630 in just 15-20 mins.
For tomorrow, if we open with Gap-up again be cautious in the 16700 - 16720 zone as we can see the rejection. We have a weekly and monthly expiry tomorrow so Option Buyers be cautious.
Expectations for Tomorrow: Rang-bound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above - 16660
Sell Below - 16590
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
For tomorrow, if we open with Gap-up again be cautious in the 16700 - 16720 zone as we can see the rejection. We have a weekly and monthly expiry tomorrow so Option Buyers be cautious.
Expectations for Tomorrow: Rang-bound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above - 16660
Sell Below - 16590
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Subscription Plans: investproindia.in/subscription
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
