Nifty Intraday Trade Setup | 10th Jan '24

10 gen

Today Nifty opened with a gap-up, after consolidating it triggered a buy trade above 21640 and made a high around 21724 which was near to our final target. In second half we saw the rejection which was expected and a sharp fall of more than 200 points from a day high in Nifty towards 21517.

For tomorrow, if Nifty sustains below 21470 we expect to see more downside towards 21430 and below levels. On the upside, Nifty has to break 21645, which can take Nifty towards 21675 and higher levels as marked on the chart.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 21645
Sell Below - 21470

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Happy Trading!
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