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Nifty Intraday Outlook for 01 Aug

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Updated On:

In the last Nifty Intraday Technical Analysis, we discussed: The bears are getting intense day by day. Nifty bulls will get some only on close above 11290 levels. Below that Bears can drag the Index towards 11015/11940/11800. Nifty 11800 level is the next quite Crucial support level to watch out for if the price reaches there.

Yesterday Index opened on a weaker note it made the low around 10999. The low was near psychological support 11k. From there bulls got the energy to rise, before the end of the day Nifty made the high near 11145 levels.

For maintaining the momentum, bulls need to close above 11175 resistance levels.

The intermediate support for Nifty is at 11015. Any close below that can drag the Index towards 10945/11870/10800.

Nifty Intraday Technical Trading Levels for 01 Aug

Resistance for today in Intraday is at 11150 above the move towards 11180/11220/11295 can seen.

While Support for today is likely to come at, 11090 below that move towards 11060/11020/10945 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.