#NIFTY Intraday Support and Resistance Levels - 19/08/2024
🔔 Nifty Update for Today's Session:
📈 Gap-Up Opening Expected:
Opening Level: Near 24550
Key Level: 24550
Potential Upside Target: 24850+
In today’s session, Nifty is expected to open with a gap up near the 24550 level. If Nifty can sustain above this level after opening, we could see an upward movement, potentially reaching 24850 or higher.
📉 Watch for Reversal:
Critical Level: 24450
Potential Downside Target: 24200
However, if Nifty reverses and starts trading below 24450, a downside rally may occur, with the index potentially declining towards the 24200 level.
📈 Gap-Up Opening Expected:
Opening Level: Near 24550
Key Level: 24550
Potential Upside Target: 24850+
In today’s session, Nifty is expected to open with a gap up near the 24550 level. If Nifty can sustain above this level after opening, we could see an upward movement, potentially reaching 24850 or higher.
📉 Watch for Reversal:
Critical Level: 24450
Potential Downside Target: 24200
However, if Nifty reverses and starts trading below 24450, a downside rally may occur, with the index potentially declining towards the 24200 level.
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