Mentorship InstaView 23 Aug’21: Frustrating

Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less with strict risk management.

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