#NIFTY Intraday Support and Resistance Levels - 21/08/2024
🔔 Nifty Update for Today:
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 24700
Key Level: 24700
Potential Upside Target: 24850
Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session.
📉 Watch for Downside Risks:
Critical Reversal Level: 24650
Support Level: 24500
However, if Nifty starts trading below 24650, downside movement may occur. The 24500 level will serve as an important support in today’s session.
📈 Gap-Up Opening Expected:
Expected Opening Level: Near 24700
Key Level: 24700
Potential Upside Target: 24850
Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session.
📉 Watch for Downside Risks:
Critical Reversal Level: 24650
Support Level: 24500
However, if Nifty starts trading below 24650, downside movement may occur. The 24500 level will serve as an important support in today’s session.
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