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Nifty Intraday Outlook for 28 Aug

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In the last Nifty Intraday Outlook, we discussed. Nifty bulls are approaching the critical resistance zone of 11170-11185. For short to medium term trend Bulls need EOD close above this range.

Yesterday after a gap up opening Nifty moved in a narrow range of 50-70 points for the whole day. The Index made the high around 11140 levels.

Nifty is again hovering around the high of 09th Aug, which is near to our resistance zone.

The short term view is still the same, Nifty bulls break and close EOD above 11170-11185 range, for the move towards 11250/11340 levels.

On the lower side support is at 10980 below that we can see Index moving towards 10915/10800 levels.

Nifty Intraday Outlook for 28th Aug

Resistance for today in Intraday is at 11145 above the move towards 11175/11220/11295 can seen.

While Support for today is likely to come at, 11050 below that move towards 11020/10975/10900 can be seen.

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

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.