Nifty Intraday Trade Setup | 3rd August 2021

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Nifty opened with a gap-up and remained in a tight range for the whole day. Banks are stopping Nifty to reach 16000 levels and we saw that today as well, we bought Nifty 15900 PE at 75 which went to around 100 and we booked great profit.

Nifty has tried multiple times to break the 15900 - 16000 range. We can soon the new ATH in Nifty, need a bit of support from BankNifty.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 15900
Sell Below - 15840

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

Happy Trading!
InvestPro India Team

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ملاحظة

As expected market opens strongly but near resistance, selling at tops and would be buying at lows.