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As posted in the last analysis: 11130 will act as resistance on the short-term basis above that move towards 11200/11310 can be seen & bears need to break & close below 10940, for getting back into the game.

Yesterday Nifty, made the high 11118.10 & from there we see a quick sell-off, View is still same Bulls need to break & close above 11130 for further up move & bears need to break & close below 10940, for getting back into the game.

Nifty Intraday Technical Analysis 08th Feb

Nifty on the hourly chart, has broken the above-angled line, so today in Intraday we can see a further dip of more 40-60 points.

Critical Support for today in intraday is at 11030 / 10990 /10915 & Resistance is at 11080 / 11135 /11200.

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

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