Nifty Trend : 22 August 2023

Date – 22.08.2023

Nifty Future closed @ 19399 as on 21.08.2023..!!

Dear Traders,

Nifty Future has resistance @ 19434 – 19474 Point; above which other resistance levels are @ 19505 – 19530 Point with highly Volatile Trend,

Nifty Future has Downside support levels are @ 19373 – 19330 Point; below 19330 Point, other support levels are @ 19303 – 19272 Point.

We are positive for the next bullish trend only above @ 19530 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 @ 19530 Point, again then the upper side target is quite high and it may touch @ 19575 Point in the short term…!!

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