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Nifty Intraday Outlook for 01 Aug

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

Yesterday, the Index opened on a weaker note. It made the low around 10999, near psychological support at 11k. From there, bulls gained energy to rise, and before the end of the day, Nifty reached a high near 11145.

To maintain 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 be seen.

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

Note: The above-mentioned Price projection & other Information are for educational purposes 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.