Nifty Intraday Trade Setup | 25th August 2021

As analyzed, we saw a good up-move once Nifty broke the falling resistance line and hit all our targets on buying side. For tomorrow, we can again see an up-move above 16650 but be cautious in the 16700 zones as it's a Nifty ATH.

If we open with a big gap-up, look for the selling opportunity in the morning at upper levels.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above - 16650
Sell Below - 16550

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

Happy Trading!
InvestPro India Team

Commento:

As mentioned, we saw good rejection from 16712.