Nifty Future closed @ 16559 as on 16.08.2021..!!
Dear Traders,
Nifty Future has resistance at 16575 – 16606 Point; above which other resistance levels are at 16616 - 16636 Point with highly Volatile Trend,
Nifty Future has Downside support levels are at 16505 – 16474 Point; below 16474 Point, other support levels are at 16434 – 16404 Point.
I am positive for the next bullish trend only above @ 16606 Point but be with the trend. Let the market decide further moves.
As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!
If Nifty Future crosses @ 16606 Point, again then the upper side target is quite high and it may touch @ 16636 Point in the short term...!!!
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