Quote on today`s Nifty 30 August 2021 by Rohit Singre, LKP Securities
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Below is quote on today`s Nifty 30 August 2021 by Rohit Singre, Senior Technical Analyst at LKP Securities
"Strong move has been witnessed on the first day of the week and the index closed a day on fresh highs at 16931 with gains of nearly one & a half per cent forming a strong bullish candle on the daily chart. The index reached its immediate targets of the 17k mark so traders are suggested to lock some gains near the 17k mark also fresh buying will be suggested on a dip near 16850 zone not here as risk rewards will not be in favour, immediate support for nifty is coming near 16850-16770 zone if managed to hold above-said levels we may see the index to breach 17k mark and resistance is coming near 17k mark"
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