Nifty opened with a big gap-up due to strong global cues around 16763, after making a high near 16800 we saw a profit booking, Nifty lost all the gains by end of the day and closed below 16600.
Tomorrow, if the Nifty breaks 16500 on the downside, we expect to see a further downmove but 16400 is a support zone so be cautious in that zone.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 16650
Sell Below - 16500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Tomorrow, if the Nifty breaks 16500 on the downside, we expect to see a further downmove but 16400 is a support zone so be cautious in that zone.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 16650
Sell Below - 16500
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
