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.
Last week, Nifty and Bank Nifty both moved higher after breaking above the Gann price cycle level. Coming 2-3 weeks is important as a couple