Nifty Intraday Technical Outlook 08 Aug

In the last Nifty technical analysis, we discussed. For further upside, Nifty bulls need to sustain above 11036 for a rise towards 11095/11160. On the lower side, intermediate support is at 10811, below bears will again get more strength.

Yesterday Nifty opened flat. The complete Intraday session was Range-bound and sluggish.

Nifty is progressing towards the critical Fixed time cycle period in the next couple of days.

It will be interesting to see if it can again favor the bulls to give some strength for the rise, like before this CYCLE has done.

The short-term view is still the same; for further rise, Nifty needs to trade & sustain above 11036 levels. 

On the lower side, 10811-10782 range will act as support.

Nifty Intraday Trading Levels for 08th Aug

Resistance for today in Intraday is at 10895 above the move towards 10930/10975/11035 can seen.

While Support for today is likely to come at, 10820 below that move towards 10785/10740/10680 can be seen.

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

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.