Nifty Trade Setup for 24 Aug 2021
Long Opportunity :
If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels.
A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2
Any good support at yesterday's low is good opportunity to go long.
Short Opportunity :
Any resitance at V-CPR we can possible go short with VCPR above as SL and expect it to test CPR.
If it opens flat and compromises CPR then we can expect to yesterday lows.
If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels.
A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2
Any good support at yesterday's low is good opportunity to go long.
Short Opportunity :
Any resitance at V-CPR we can possible go short with VCPR above as SL and expect it to test CPR.
If it opens flat and compromises CPR then we can expect to yesterday lows.
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