We discussed the last Nifty intraday technical Analysis. The view is still the same: 11710-11735 is Resistance. For now, above it, we can see a further smooth move. The intermediate support is at 11609; below that, we can expect a further decline.
Yesterday, Nifty opened flat, but soon, bears dragged the Index towards the lower side.
At the EOD, the Nifty Index made a low of around 11580 and closed below 11600 levels.
Nifty Trading Near Crucial Support
We already discussed in our last couple of analyses that the Nifty range between 11710 and 11735 saw a dip.
This fall in Index can become an excellent opportunity for creating long positions.
The Nifty 11550-11560 range is the significant support area for today’s trading session.
If Bulls fail to hold the range mentioned above, then a decline towards 11450/11400 can be seen.
Nifty Intraday Technical Levels for 19 July
Today’s Intraday support is at 11580/11545/11470, and resistance is at 11635/11670/11745.
Note: The above-mentioned price projection & other Information are for educational purposes only.
