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

In the last Nifty Intraday Analysis, we discussed. Now at present Bulls are having the upper hand. The downside support for Nifty is now shifted at 11805, below that we see bears coming back.

On Friday, Nifty made the high around 11981 levels. On the Budget day, only Nifty gave nearly 140 points down close than the previous day.

Yesterday this fall gets extend and Nifty corrected almost 300 points from the Budget day close.

At present 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 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

Support for today in Intraday is at 11550/11520/11480/11410 & Resistance is at 11586/11620/11660/11735. .

Note: Above mention price projection & other Information are for educational purpose only.

Related Topics

You may also like

The ice melting move of last week pushes the Index towards one month lower levels.  Nifty Breaks The Last 11185 Swing Low and ended the week with 454 points loss. ...Read more

The volatility stands high. During such times you should remain extra cautious before making the trade. The chance for lower levels are high. Till Index holds trading below the 11265-11300 range. Warning: ...Read more

Nifty Price Action Holds The Key Now For BullsBears continue the show of last week. And today show their potential.The bears can deliver more as Nifty Index still looking weaker. And ...Read more