On Monday , 2 Aug 2021 Nifty has closed near 15887.50 and whole day Nifty is trading between 15850-15880.
As we Posted the levels on 2 aug you can check the post nifty acted like that . click here to check
As I discussed earlier also about nifty weekly levels that it has taken support on weekly trendline .From weekly timeframe it has strong support near 15500-15600.
Which levels we need to follow for today session for Nifty ?
- SGX NIFTY is already trading down with almost 40-50 points and trading near 15,874.00 NIFTY will also follow this .
its Nifty 30 min timeframe chart as you can see there is a trendline breakout happened in 30 min and now this level will work as a good support so , If NIfty slips down so you can take entry near 15780-15800.
Scenario -1: If nifty holds 15880 level for some time it can move up to 15920 and again if Nifty holds 15920 levels so it can move till 15960-15970
Buy Near 15880.-15890 target 15920- 15960-15970
Scenario -2: If nifty does not hold 15880 levels for some time it may slip and fall till 15850 and 15800 .
Short Near 15880.-15870 target 15850- 15800
Scenario -3: If nifty trades near 15780-15800 for some time after quick fall this levels is safe for entry in buy .
Buy Near 15780.-15800 target 15850- 15880 and so on .
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