Nifty Intraday Trade Setup | 16th August

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Nifty opened with a gap-up and we saw highly range bound day where Nifty spent most of the time within 24100 - 24190 and we didn't get any trade based on the idea we shared for today.

For Friday, if Nifty sustains above 24200 we expect to see some up-move towards 24240 and above levels but we aren't confident in buying and look for sell on rise opportunities. On the other side, if Nifty breaks 24090 on the downside we may see 24050 and lower levels marked the chart.

Expectations: Volatile movement.

Intraday Levels:
Buy Above - 24200
Sell Below - 24090

To motivate us, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India