NIfty Possible Intraday Levels 07/Aug/23

7 ago 2023

Good Morning Traders,
In friday session Nifty and Banknifty has formed Inverted hear and shoulder pattern, and we had captured a bullish move in that, hope everyone would have money like us. Now Global market looking mixed for today. Well we can see buying in indices and momentum can be extend towards 19650+. But we will play according to our levels only. Best buy could be 19450-19485. So accumulate there keep strict stop loss to go long.

Important Levels For Nifty:-

Buy above 19564, if levels got sustained at least for 30 mints.
Targets we can see in upside 19640/19677+
Keep stop loss at 19438.
Note:- Please accumulate as much as possible in lower range around 19450-19485,if you get the levels.

Sale below 19438, if levels got sustained at least for 30 mints.
Targets we can see in downside 19383/19312--
Keep stop loss at 19564.

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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