In the last Nifty Analysis, we discussed. Now Nifty bulls need to trade above 11423 levels for getting the strength back. Above 11423 we can see a move towards 11510/11625 levels. On the lower side, Nifty Bears will gain more advantage below 11270 for the move towards 11200/11080 levels.
Yesterday after gap-down opening Index made the low around 11257.
All eyes will now be on today’s RBI monetary policy. It can give further direction to the markets.
The plan is still the same — bulls in Nifty need to move above 11423 to move towards 11510/11625 levels.
On the lower end, Bears will become more aggressive below 11279, with a downside target of 11200/11080 levels.
The Nifty Index also has strong support in the 11170-11200 range. Any dip near this zone can be an excellent buying opportunity with tight stop-loss.
Intraday Nifty Analysis / Trading Levels for 04th Oct
Resistance for today in Intraday is at 11360. Above the move towards 11400/11460/11560 can be seen.
While Support for today is likely to come at 11280, below that, a move towards 11240/11180/11080 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
