Wednesday, 4 August 2021

NIFTY 04 AUGUST 2021 : Finally after two months NIFTY broke the range on higher side. Expect 16300-16500 now.

 


Good Morning friends, 

Finally, waiting end yesterday and Nifty broke on higher side. It has traded above 15960 and then bounced almost by 150+ points in a single day. 

What is the target now next?

Technically we can think of targets like 16300 to 16500 levels. As it's a new all time high so there is no resistance on higher side. 

If market falls from higher levels then it will be contra call. 

Take a caution, do not prefer to trade on short side on any small pull back on anticipation of fall. Market may not fall easily. 

Happy Tradaing, 


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