We discussed the last Nifty Intraday trading analysis. At present, Nifty Bears have the upper hand. The long-term charts also suggest the same. Nifty Bulls need to move above 11495 for some energy to come back. On the lower side, short-term support for the Nifty Index is in the 11314-11277 range.
Yesterday, Nifty opened on a slightly positive note. The complete session was like consolidation. The index made the low & high close to the levels of Monday only.
Nifty Short-Term Trading Levels
The short-term trading view and levels are the same. The 11314-277 zone will act as short-term support for the Nifty Index. Bears need to trade below it for a further 100-150 point free fall.
On the upper side, short the Resistance for the Nifty at 11495, and Bulls need to trade above it to regain some strength.
Nifty Intraday Trading Levels for 24 July
Today’s Intraday support is at 11295/11270/11190, and resistance is at 11360/11385/11465.
Note: The above-mentioned price projection & other Information are for educational purposes only.
