Nifty Analysis for 04th July

In the last Nifty Analysis, we discussed. The positional view for Nifty is still the same, Bulls need a sustainable move above 11920 resistance level. For the downside, bears need to move below 11750 support level.

Yesterday traded in a small tight range of 60-70 points. The movement in Intraday was sluggish and range-bound.

On the downside, Nifty made the low near 11887 and bounced back to the new day high of 11945 levels.

Yesterday Nifty went above 11920 but was not able to sustain above it.

The swing trade view is the same; Nifty bulls should get close above 11920 Gann resistance level.

On the downside, Gann support for Nifty is now shifted at 11785 levels, below that we can bear coming back into the game.

Nifty Intraday Technical Analysis

The level to watch for Bears today in Intraday will be 11890 holding below it, will give momentum to the Nifty bears.

The Key level to watch for Bulls in Intraday is at 11957 above that we can see a rise in today’s session.

Nifty Intraday Trading Levels for 04th July

Support for today in Intraday is at 11890/11865/11790 & Resistance is at 11935/11960/12035. 

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

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