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

In the last Nifty Analysis, we discussed. 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.

Today we have the Union Budget Event, due to that, Nifty in intraday remains volatile on budget day events.

Yesterday, Nifty opened on a positive note and continued to trade higher. The movement in Intraday was in a tight range of 60-70 points.

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.

Nifty Intraday Analysis for Budget Day Session

The level to watch for Bears today in Intraday will be 11929, below it we can see Bears getting momentum.

The Key level to watch for Bulls in Intraday is at 11975 above that we can see bulls getting strength in today’s session.

Nifty Intraday Trading Levels for 05th July

Support for today in Intraday is at 11975/12005/12090 & Resistance is at 11915/11885/11800.

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

Related Topics


You may also like

September 27, 2020

The ice melting move of last week pushes the Index towards one month lower ...

Read More

September 22, 2020

The volatility stands high. During such times you should remain extra cautious before making the ...

Read More

September 21, 2020

Nifty Price Action Holds The Key Now For BullsBears continue the show of last ...

Read More

September 20, 2020

Last week, the undertone of markets was upbeat.But two stocks halt the gains—the Reliance ...

Read More
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>