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Nifty Intraday Trade Setup | 6th June

Nifty 50 Index (NSE:NIFTY)  
InvestPro_India  
NSE:NIFTY   Nifty 50 Index
Chart Patterns Technical Indicators NIFTY nifty50 niftyanalysis niftylevels niftyintradaylevels niftyintradaysetup niftyintraday niftyintradaytradesetup niftyoptions
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chartpattern indicator nifty nifty50 niftyanalysis niftylevels niftyintradaylevels niftyintradaysetup niftyintraday niftyintradaytradesetup niftyoptions
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

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