Nifty Intraday Trade Setup | 2nd Jan '24

1. Jan.

Today Nifty opened flat and remained in a range for first half. After 1:30 it broke range, went above our buy level 21760 and 2 targets on buying side were done. We updated about the important resistance level of 21850, in last week analysis and today we saw good rejection near that level.

For tomorrow, if Nifty breaks 21670 on the downside we expect to see 21630 and below levels marked on the chart. On the other side, if Nifty sustains above 21850, we will see fresh buying which could take Nifty towards 21890 and upper marked levels on the chart.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 21850
Sell Below - 21670

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

Happy Trading!
InvestPro India

2. Jan.

Trade geschlossen: Ziel wurde erreicht

Sell trade triggered and price reached near our final target. Good profit in Nifty Put Options.