Subscribe and Get Our ‘Special Market Analysis Reports’ In Your Inbox.

Nifty Analysis for 04th Feb

Last Updated: February 4, 2020 By Divesh

In the last analysis, we discussed. The trading plan for today’s budget session is the same; we should observe if Nifty continues to hold below 11960, then we can expect a further decline in the prices. On the upper side, 12220 will act as the significant resistance for the Nifty Index.

After our last post on the Budget day, Index continues to hold below 11960 in the result of it Bears gets the energy & drag the Nifty towards the lower side. By the end of the day, Index made the low around 11633 levels.

Now moving ahead on Bulls need to break and close above 11895-910 range for getting some strength back.

On the lower side, bears are in a strong position, and we can see further lower levels. On holding below 11620, we can see a new slide towards the 11575/11500 range.

Nifty Intraday Trading Levels for 04th Feb

Resistance for today in Intraday is at 11760 above the move towards 11800/11860/11940 can be seen.

While Support for today is likely to come at, 11680 below that move towards 11640/11580/11500 can be seen.

Related Posts
  • Nifty Trading View After 1100 Points Rally
    Nifty Index bulls are going up through the elevator. Many traders missed this rally. And are...
    08 October 2020, 21:33
    Read More
  • Nifty Short-term Trading View After 1000 Points Fall
    After 1000 points, correction bulls got the support near august month low. But the road ahead ...
    29 September 2020, 20:45
    Read More
  • Nifty Breaks The Last 11185 Swing Low
    The volatility stands high. During such times you should remain extra cautious before making the ...
    22 September 2020, 21:04
    Read More
  • Nifty Analysis After Today’s Big Fall
    Nifty Price Action Holds The Key Now For BullsBears continue the show of last week. And today sho...
    21 September 2020, 20:18
    Read More
  • ‘TWO’ Decisive Levels Nifty Bulls Need To Watch
    The Nifty Index bulls are hovering around significant levels. You should watch these 'TWO' levels...
    15 September 2020, 21:45
    Read More


Nifty Intraday Trading Levels

You may also like

Nifty Bank Nifty Weekly Trading Levels 26-30 Oct

Learn How to BOUNCE BACK After a Trading Loss

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}