Nifty Intraday Trade Setup | 5th Jan '24

4 Oca

Today Nifty with a gap-up above 21600, broke the resistance line and rejection level for yesterday with gap-up and sustaining above 21600 triggered our buy level. Nifty made a high around 21685 and we booked profit in both 21600 and 21650 CEs today.

For tomorrow, if Nifty breaks 21700 on the upside, we expect to see further buying towards 21740 and above levels marked. On the downside side, if Nifty breaks 21590, we expect to see more weakness towards 21550 and below marked levels on the chart.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 21700
Sell Below - 21590

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Happy Trading!
InvestPro India