What a sharp rally in Nifty on Tuesday.. made 400 Points intraday rally..
But we have a bad news now that, SGX Nifty is already trading near 17500 with 300 Points down currently. Global cues are also negative mostly.
So We can expect Gap down Open in our market tomorrow around 17600 and may trade in range between 17565 &17720. Being Sep month starting and Weekly expiry day tomorrow, I will Wait for first half and take trade after 1:30pm if I see any good patterns and trend. If Nifty holds 17750 above, Bullish Rally will continue.
Probably during end of the session tomorrow we can expect sharp rally in the market.
Refer the chart for detailed Intraday Support and Resistance levels.
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