We discussed the last Nifty Intraday Analysis. At present, the Bulls have the upper hand. The downside support for Nifty has shifted to 11805; below that, we see bears coming back.
On Friday, the Nifty made a high of around 11981 levels. On the Budget day, only the Nifty was nearly 140 points down compared to the previous day.
Yesterday, this fall was extended, and Nifty corrected almost 300 points from the close of Budget Day.
At present, the Bears are in full control and can drag the index towards the more lower side.
Nifty bulls need to move above 11765 for coming back into the rhythm.
Nifty Intraday Technical Analysis
The level to watch for Bears today in Intraday will be 11540. Below it we can see the Bears getting momentum.
The Key level to watch for Bulls in Intraday is at 11629. Above that, we can see bulls getting strength.
Nifty Intraday Trading Levels for 09th July
Today’s Intraday support is at 11550/11520/11480/11410, and resistance is at 11586/11620/11660/11735.
Note: The above-mentioned price projection & other Information are for educational purposes only.
